8000 is borrowed at 4 interest for annual for 2 years what will be the amount payable at the end of 2 years

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Solution

Principal amount (P) = Rs 8000

Time period (T) = 2 years

Rate of interest (R) = 4% per 2 year = 2% per annum

Interest = ((8000×2×2)/100)

= 80 x 2 x 2 = Rs 320

Total amount paid after 2 years = Principal amount + Interest = Rs 8000 + Rs 320 = Rs 8320

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8000 is borrowed at 4 interest for annual for 2 years what will be the amount payable at the end of 2 years

Principal amount (P) = Rs 8000 Time period (T) = 2 years Rate of interest (R) = 4% per 2 year = 2% per annum Interest = ((8000×2×2)/100) = 80 x 2 x 2 = Rs 320 Total amount paid after 2 years = Principal amount + Interest = Rs 8000 + Rs 320 = Rs 8320

Principal amount (P) = Rs 8000

Time period (T) = 2 years

Rate of interest (R) = 4% per 2 year = 2% per annum

Interest = ((8000×2×2)/100)

= 80 x 2 x 2 = Rs 320

Total amount paid after 2 years = Principal amount + Interest = Rs 8000 + Rs 320 = Rs 8320