Question

saman borrows Rs.50000 from bank at the rate of 2% mark up per year for two years . amount paid her to bank as mark up is :
a) 500
b)1000
c)2000
d)5000.​

Answer 1

Step-by-step explanation:

We will put the formula of simple interest

Sl=P×R×T/100

SI=50000×2×2/100=₹2000

The answer is ₹2000