rshna borrows rs 2500 from brinda at an interest rate of 8% for 2 years how much money will rehna have to pay to brinda after 2 years
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Answer:
2900
Step-by-step explanation:
NOTE:
SI = ( PTR ) / 100
Where P = Principle (2500)
T = time in years (2years )
R = rate of interest ( 8%)
SI = simple interest
SI =2500*2*8
100
SI = 400
Amount to be paid = Principle + interest
Amount to be paid = 2500 + 400 = 2900
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