what will be the interest on Rs 5000 for 2 years at the rate of 2% per month ?
Answers
Answered by
0
Answer:
1 st
year
Principal, P=Rs.5000
Time, T=1 year
Rate of interest ,R=6%
∴simple Interest, SI=
100
PTR
=
100
5000×10×6
=Rs.300
∴Amount=P+SI=Rs.5300
2nd year
Principal = Amount of 1st year=Rs.5300
Rate of interest =8%
Time =1 year
∴ Interest =
100
5300×1×8
=Rs.424
∴ Amount =Rs.(5300+424)=Rs.5724
The interest of 2nd year is the required compound interest. So, C.I=rs.424 and the required amount is Rs.5724
souravkrishnam:
no its ₹200 intreast
Answered by
0
Answer:
5000___2.
100_&&&&?
hjsjdjjfjdjejejej
Step-by-step explanation:
hh
Similar questions