Anjana invested ₹4000 at 8% per annum for 2 years . Find the total amount that she received at the end of 2 years​

Question

Anjana invested ₹4000 at 8% per annum for 2 years . Find the total amount that she received at the end of 2 years​

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Hưng Khoa 4 years 2021-08-29T05:00:34+00:00 1 Answers 14 views 0

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  1. thanhcong
    0
    2021-08-29T05:01:46+00:00
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    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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