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?
Answers
Answered by
13
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
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Answered by
1
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
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