Question

rupees 8,000 is invested in a bank at 5 % interest rate p.a find the amount obtained at the end of two years​

Answer 1

Answer:

8800 is correct answer

Step-by-step explanation:

Answer 2

Given :-

• Principal ( P ) = Rs,8000
• Rate ( R ) = 5%p.a
• Time ( T ) = 2 years

To Find :-

• The amount obtained at the end of two years.

Solution :-

➞ Simple Interest = P × R × T ÷ 100

➞ Simple Interest = 8000 × 5 × 2 ÷ 100

➞ Simple Interest = 80 × 5 × 2

➞ Simple Interest = 80 × 10

➞ Simple Interest = Rs, 800

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➞ Amount = Principal + Simple Interest

➞ Amount = 8000 + 800

➞ Amount = Rs, 8800

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Therefore, He will Obtain Rs,8800 after 2 years

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★ Additional Info :

• Principal: The money which we deposit in or the lower from the bank or the money learned called the principal.
• Rate of interest: The interest paid on Rs, 100 for one year is called the rate per cent per year or rate per cent per annum.
• Time: The period of time for which the money is lent or invested.
• Interest: Additional money paid by the borrowed to the lender for using the money is called interest.
• Simple Interest: If the interest is calculated uniformly on the original principal throughout the lone period, it is called simple interest.
• Amount: The total money paid back to the lender is called the amount.

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