Somu borrowed 16000 at 10% per annum from the bank for a period of 2 years
Answers
Answered by
1
Hey!!!....here is ur answer
P=16000
r=10%
t=2 years
Simple interest =16000×10×2/100
=3200
hope it will help you ☺
P=16000
r=10%
t=2 years
Simple interest =16000×10×2/100
=3200
hope it will help you ☺
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Answered by
0
this is for compound interest
principle = 16000
rate of interest =10%
time =2 yrs
A= P (1+r/100)^
= 16000 (1+10/100)^
16000×11/10 × 11/10
=19360
interest = amount -principle
= 19360 -16000
3360
thiis is simple interset
ptr /100
16000×10×2/100
=3200
hope it helps uu
principle = 16000
rate of interest =10%
time =2 yrs
A= P (1+r/100)^
= 16000 (1+10/100)^
16000×11/10 × 11/10
=19360
interest = amount -principle
= 19360 -16000
3360
thiis is simple interset
ptr /100
16000×10×2/100
=3200
hope it helps uu
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