What will be the amount on $600 at 8 pcpa after 2 years
Answers
Answered by
1
If simple interest then amount is 696 rs.
Selena2005:
Thanx
ok
Answered by
2
Principle = $600
Rate = 8%
Time = 2 years
Simple Interest = P*R*T/100
= 600*8*2/100
= 9600/100
= 96
So,simple interest = $96
Rate = 8%
Time = 2 years
Simple Interest = P*R*T/100
= 600*8*2/100
= 9600/100
= 96
So,simple interest = $96
Thanx
sorry i had done the half solution and it suddenly pressed send
the continued answer is Amount = simple interest + principle = 96+600 = $696
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