A principle of Rs. 40,000 is deposited in a bank which offers a simple interest at a rate of 10% a year. The amount at the end of 2 years is ___

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Solution

SI = $\frac{P r i n c i p a l \times t i m e \times r a t e}{100}$ = $\frac{40000 \times 2 \times 10}{100}$ = Rs. 8000.

Amount at the end of two years = Principal + SI = Rs.48000.

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A principle of Rs. 40,000 is deposited in a bank which offers a simple interest at a rate of 10% a year. The amount at the end of 2 years is ___

SI = Principal×time×rate100 = 40000×2×10100 = Rs. 8000. Amount at the end of two years = Principal + SI = Rs.48000.

SI = $\frac{P r i n c i p a l \times t i m e \times r a t e}{100}$ = $\frac{40000 \times 2 \times 10}{100}$ = Rs. 8000.

Amount at the end of two years = Principal + SI = Rs.48000.