Anjana invested ₹4000 at 8% per annum for 2 years . Find the total amount that she received at the end of 2 years
1 answer:
Answer:
₹4064
Step-by-step explanation:
Given data
P= ₹4000
r= 8%
t= 2 years
Required
The final amount A
we will apply the simple interest formula
A=P(1+rt)
substitute
A= 4000(1+0.08*2)
A= 4000(1+0.16)
A= 4000*1.016
A= ₹4064
Hence the amount is ₹4064
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