what sum of money becomes 174Rs in 2years at 8% simple interest?
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Hey friend,
Here is your answer:
Principal = Rs.174
Time = 2years
Rate per annum = 8%
Simple interest = ( Principal × Time × Rate per annum ) ÷ 100
= 174 × 2 × 8 / 100
= 696/25
= 27.84
Amount = 174 + 27.84
= 201.84
Hope it helps u.
Here is your answer:
Principal = Rs.174
Time = 2years
Rate per annum = 8%
Simple interest = ( Principal × Time × Rate per annum ) ÷ 100
= 174 × 2 × 8 / 100
= 696/25
= 27.84
Amount = 174 + 27.84
= 201.84
Hope it helps u.
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