Question

what will be the internet on Rs 5000 for 2years at the rate of 2% per month .
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Answer 1

Answer:

Answer is Rs. 2400

Step-by-step explanation:

2% per month is 24% in a year for two years it will be 48% and 48% of Rs. 5000 is Rs. 2400.

Answer 2

Step-by-step explanation:

Given that

Principal P is 5000

rate r is 2%

number of year n is 2 year

To find

simple interest si

Solution

$simple \: interest = \frac{p \times r \times n}{100}$

$simple \: interest = \frac{5000 \times 2 \times 2}{100}$

$si = 50 \times 2 \times 2$

$si = 200$

hence interest is of 200.