Question

Ryan deposited ₹2000 in a savings account at the interest rate of 4% per year. How much will he earn in 5 years?

answer - ₹ 400, Explanation?
​

Answer 1

Step-by-step explanation:

Principal=2000

Rate of interest=4% per annum

Time=5 years

S.I=P×R×T/100

=2000×4×5/100

=cut two zero with two zero

=20×4×5

=80×5

=Rs.400

optional

principal=Amount+Simple interest

=2000+400

=2400

I hope you will understand

Answer 2

Answer:

Principal Amount:- RS. 2000

Rate:- 4%

Let the interest on principal RS. 2000 be x rupees.

x/2000=4/100

x= 4/100 x  2000

x=80

Interest of 1yr= RS. 80

Interrest of 5yrs= 80 x 5

                          =  RS. 400

Amount earned= Principal Amount +  Interest

                          = RS. 2000 +  RS. 400

                           = RS. 2400