Question

What principal will amount to 20800 in 2 years at the simple interest of 2% per annum




the ans is 20,000. please explain the method​

Answer 1

Answer:

The principal is 20,000

Step-by-step explanation:

P+P*R*T/100=20800

P+P*2*2/100

25P+P/25=20800

P=20800*25/26

P=20000