Question

Sameer gave a loan of Rs 55,000 to Deepak for a pwriod of 2 years at 16% per annum compounded yearly. How much interest will Sameer earn?

SPAMMERS WILL BE REPORTED.....​

Answer 1

Step-by-step explanation:

Principal=55000

Time= 2 years

Per annum =16%

Simple interest =P*R*T/100

Simple interest=55000*16*2

Simple interest=17600

Simple interest that sammer earns =17600

HOPE THIS HELFUL :)

Answer 2

Step-by-step explanation:

I ALSO WANT THIS QUESTION CORRECT ANSWER

SORRY I DON'T KNOW