If the principle sum is Rs 8000 find the simple interest and the amount at the end of two years at the rate of 5%.


Given:

The principle sum is Rs 8000

The interest rate given is 5% 

To find: We have to find the simple interest and also the amount at the end of 2 years.

Solution:

Principle = Rs 8000

Time = 2 yrs

Rate  = 5%

Simple interest SI =  $\frac{PTR}{100}$

                                = $\frac{8000 \times 2 \times 5}{100}$

                                = Rs $800$

Amount at the end of 2 yrs = $Principle + SI$

                                                  =$ 8000 + 800 = Rs8800$

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Updated on: 10-Oct-2022

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