Question

Find the simple interest and the total amount after two years. Principal = 2500=2500 rupees Annual rate of interest = 9 \%=9%

Answer 1

Answer:

2,950 Rupees

Step-by-step explanation:

To find the simple interest, we can use the formula:

A = P(1 + rt)

Now we can simply substitute the values given in the formula.

Before anything, it is a good practice to define the values of each variable.

P = 2,500

r = 9% or 0.09

t = 2

Now we proceed to use the values in the formula.

A = 2,500(1 + (0.09 × 2))

A = 2,500(1 + 0.18)

A = 2,500( 1.18 )

A = 2,950.00 Rupees