What sum will amount to Rs
8800 in 2 years at 5% simple interest?
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Amount inclusive of Simple interest = A = ?
P = Principal Amount = 8800
T = Time = 2 years
R = Rate of interest Per Annum = 5%
we know that
A = P(1 + TR)
=8800(1 + 2×5/100)
=8800(1 + 10/100)
=8800(1 + 0.1)
=8800(1.1)
=9680 is the final amount
P = Principal Amount = 8800
T = Time = 2 years
R = Rate of interest Per Annum = 5%
we know that
A = P(1 + TR)
=8800(1 + 2×5/100)
=8800(1 + 10/100)
=8800(1 + 0.1)
=8800(1.1)
=9680 is the final amount
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