Question

the simple interest on a sum of money for 4 years at the rate of 20% per annum is rupees 2,000 the same sum of money is borrowed for 2 years at the rate of 8% per annum and compounded annually find the compound interest and the amount to be paid at the end of 2 years.

Answer 1

Step-by-step explanation:

si = p*r*t/100

2000=p*20*4/100

p= 2500 Rs

now , R= 8%, t= 2

$ci = 2500 \times {(1 + 8 \div 100)}^{2}$

ci = 422/-

amount= 2500+422+200=3122