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A takes Rs. 3,000 from B for 2 years at the rate of 10% half early simple interest. What amount will be paid by A to B after end of 2 years? |
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Answer» Given:- P=Rs.3000 R=10% T=2 years To Find:- AMOUNT after the 2 year interval. Answer:- Interest (I)= Amount=Principal +Interest =3000+600 =Rs.3600 Formulas to remember:- SIMPLE Interest = Principle × Rate × TIME = PTR/100 C.I. = Principal (1 + Rate)Time − Principal/100 |
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