Question

what sum of money will amount to Rs 12544 in 2yrs at 12% per annum simple interest ?​

Answer 1

S.I. = P×R×T/100

Rs1920= P×12×2/100

Rs1929×100=24P

Rs192000/24=P

P=Rs8000

Now,

C.I.=P(1+r/100)^2-8000

=8000(1+12/100)^2 -8000

=8000(112/100)^-8000

=8000(12544/10000) -8000

=8000×12544/10000 -8000

=10035.2-8000

=Rs2035.2

this will help you

please do follow me

Answer 2

Hi $2035.2 is the answer......