Question

What amount should Shrikant deposit in a bank to receive 2000
interest for 2 years at the rate of 8 p.c.p.a.?
​

Answer 1

12500

Step-by-step explanation:

formula for intrest ( I)

I = (P*T*R)/100

P principle ?

T time = 2yrs

R rate of interest = 10%

2000 = (P*2*10)/100

after simplification you would get

interest I = 12500