Question

The amount on Rs.2000 for 3 years at rate of 5% per annum is Rs.​

Answer 1

Answer:

the answer is 300

explanation:

multiply 2000 from 5/100 and the multiple the answer by three

Answer 2

Given,

Principal(P) = Rs. 2000

Rate (R) = 5% per annum

Time (T) = 3 years

To find,

The total amount.

Solution,

We can easily solve this problem by following the given steps.

According to the question,

We have:

Principal(P) = Rs. 2000

Rate (R) = 5% per annum

Time (T) = 3 years

We know that the following formula is used to find the simple interest:

Simple interest = Principal×rate×time/100

SI = (2000×5×3)/100

SI = Rs. (20×15)

SI = Rs. 300

Now, we can find the total amount by adding the principal amount and the simple interest.

Amount = Principal + simple interest

A = Rs. (2000+300)

A = Rs. 2300

Hence, the total amount of Rs.2000 for 3 years at a rate of 5% per annum is Rs. 2300.