2000 2yrs at 2% How much interest is owed

Mathematics

1 answer:

steposvetlana [31]3 years ago

5 0

Answer:

Rs. 80 is owed.

Step-by-step explanation:

Principle (P) = 2000

Time (T) = 2 years

Rate (R) = 2%

Interest (I) = ?

Here,

I = (P×T×R) / 100

= (2000×2×2) / 100

= (8000) / 100

= Rs. 80

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