Question

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

Answer 1

₹4064

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