Question

What sum of money
will earn an interest of
₹160 at the rate of 4%
per year for 2 years?
2. At what rate per cent
will a sum of money
triple itself in 12 years?

Answer 1

Answer:

I = P0r

A = P0 + I = P0 + P0r = P0(1 + r)

I is the interest

A is the end amount: principal plus interest

P0 is the principal (starting amount)

r is the interest rate (in decimal form. Example: 5% = 0.05)

Answer 2

Answer:

wrong question pls see first sorry