Question

In 10000$ in 12%intrest for 2 years how much interest you get??​

Answer 1

Here,

amount (p) =10,000$

Time period (t)=2 years

Rate of interest (r)=12%

So,Intrest (I)

we know that,

According to the question,

I=⠀
`\tt{(10000×12×2)/(100) }` ⠀

=
`\tt{\frac{\cancel{10000}×12×2}{\cancel{100}} }` ⠀

=
`\tt{ 100×12×2 }` ⠀

=
`\tt{ 2400 }` ⠀

So,

2400$ intrest in 10000$in 12%for 2 years