Question

Using the formula, calculate the amount when:principal=Rs 34,400, rate=17 percent, time=2 years.

Answer 1

first take out the simple interest by using the formula p*r*t/100and by putting the value of p r and t now the formula for amount is P-I the answer after using the formulae is Rs.22704

Answer 2

Hello friend, here is your answer.


Given that P= ₹34,400 ; R= 17% and T= 2years.
We have to find first Simple Interest.
S. I. = P×R×T/100
= 34,400×17×2/100
= ₹11,696
Amount = S. I + Principal
= ₹(11,696+34,400)
= ₹46,096
Hope it helps you
With regards@
Tanisha