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CBSE Class 11-commerce Answered

determine the principle that will earn rupees 100 as simple interest in 2 years at 5% per annum also find amount after 2 years
Asked by nikinikita0740 | 15 Feb, 2021, 09:12: PM
answered-by-expert Expert Answer
S i m p l e space i n t e r e s t equals space fraction numerator P n R over denominator 100 end fraction 100 equals fraction numerator P cross times 2 cross times 5 over denominator 100 end fraction P equals 1000 A m o u n t space a f t e r space 2 space y e a r s equals P plus fraction numerator P n R over denominator 100 end fraction equals 1000 plus fraction numerator 1000 cross times 2 cross times 5 over denominator 100 end fraction equals 1100
Answered by Utkarsh Lokhande | 17 Feb, 2021, 10:32: AM

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