adhilaman3720
adhilaman3720 adhilaman3720
  • 03-10-2020
  • Mathematics
contestada

Amount received on Rs 30000 for 2 years at the rate of 11% per annum is

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clicker786
clicker786 clicker786
  • 03-10-2020

Answer:

Rs 36 600

Step-by-step explanation:

Use the simple interest formula :

PRT/100

P is the principle

R is the rate of interest

T is the time taken

30 000 * 2 * 11

=660 000/100

= 6600 is the amount of interest charged after the 2 years

now to find the total amount received after the 2 years

= 6600 + 30 000 =36600

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