Question

Sujeeth kept Rs.5000 for 2 years in a bank the rate of interest is 8%.Find the simple interest and the amount received by him after 2 years​

Answer 1

Answer:

P = Rs. 5000

R = 8% per annum

T = 2 years

SI = (P*R*T) / 100

   = (5000*8*2) / 100

    = Rs. 800

Amount = P + SI

             = 5000 + 800

             = Rs. 5800

Answer 2

Answer:

Amount= Rs. 5800

Simple Interest= Rs. 800

Step-by-step explanation:

S.I. = (PRT/100)

$= \frac{5000 \times 2 \times 8}{100} \\ = 50 \times 16 \\ = 800$

Therefore, S.I.= Rs. 800

Amount=Principal + Interest

=Rs. 5800