? 10000 is deposited at the rate of 8% per annum simple interest for 2 years. Find the total interest
at the end of 2 years.
Dear student,
Given data:
P=10000
R=8
T=2 years
Simple Interest =P*R*T/100
=10000*8*2/100
=1600
So, Total interest is rs. 1600 and total amound is rs. 11600
Regards.
Given data:
P=10000
R=8
T=2 years
Simple Interest =P*R*T/100
=10000*8*2/100
=1600
So, Total interest is rs. 1600 and total amound is rs. 11600
Regards.