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

User Jeanjean
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Answer:

Rs 36 600

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

User Freakish
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