Question

You have Rs. 2400 in your account and the interest rate is 5%. Find the simple interest and amount at

the end of 2 years​

Answer 1

Step-by-step explanation:

S.I. = P×R×T/100

= 2400×5×2/100

= 24×10

= 240 rs.

Total = 2400 + 240 = 2640 rs.

Answer 2

Given,

Principal = ₹2400, Rate of Interest = 5% , N = 2 years

To find,

The simple intrest and the amount at the end of 2 years

$SI \: = \: \frac{P×R×T}{100}$

$SI \: = \: \large\frac{24 \cancel0 \cancel0 \times 5 \times 2 }{1 \cancel0 \cancel0}$

$SI \: = \:₹ 240$

$Amount\:=\:P\:+I$

$Amount\:=\:2400 + 240$

$Amount\:=\:₹2640$

Simple intrest at the end of 2 years is ₹240 and Amount at the end of 2 years is ₹2640.

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$\large \color{lime} \: \bigstar \: More \: Formulas \: \\ \\ \color{aqua}Si \: = \: \frac{P \times R \times T}{100} \\ \\ \\ \color{aqua}Amount \: = \: Principal\:+\:Intrest \\ \\ \\ \color{aqua}Formula \: for \: Ci \: = \: A\:=\:P( {\frac{1 + r}{n} )}^{n \times t } \\ \color{aqua}where \: \: A =\:final\: amount \\\color{aqua} P\:=\: Principal \\ \color{aqua}r \: = \:rate \: of \: intrest \\ \color{aqua} n \: = \: number \: of \: times \: interest \: applied \: per \: time \: period \\ \color{aqua}t \: = \: number \: of \: time \: periods \: elapsed.$