2
1. Find the simple interest and amount on a
sum of 10,000 for 2 years at a rate of 8%
per annum​

2 thoughts on “2<br />1. Find the simple interest and amount on a<br />sum of 10,000 for 2 years at a rate of 8%<br />per annum​”

1. I = PRT/100

   I = 10000*2*8/100

   I = 1600

   Please mark as brainliest answer

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2. Question:

   Find the simple interest and amount on a
   

   sum of 10,000 for 2 years at a rate of 8%
   

   per annum​.

   Answer:

   =1,600

   Explanation:

   Simple interest = [tex]\frac{P*T*R}{100}[/tex]

   P(Principal)=10,000

   T(Time Period)=2 years

   R(Rate)=8% per annum

   [tex]=\frac{P*T*R}{100} \\\\=\frac{10,000*2*8}{100} \\\\=1,600[/tex]

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