Find the silnpe mterest oriă0300 at 8% per annum lor o mWhat sum

1.	Find the silnpe mterest oriă0300 at 8% per annum lor o mWhat sum will amount to6600 in 2 years at 10% per annum sisimple interest?unt to R4495
Answer» LetP=100 R=10%Time=2yr Amount =6600 Si=pxrxt /100 =100x10x2/00=20 Amount = principal + interest =100+20=120 According to the question it is 6600 1 unit assumed =6600/120 =55 Then sum or principal =100x55=5500 Like my answer if you find it useful!

Find the silnpe mterest oriă0300 at 8% per annum lor o mWhat sum will amount to6600 in 2 years at 10% per annum sisimple interest?unt to R4495

Answer»

LetP=100

R=10%Time=2yr

Amount =6600

Si=pxrxt /100

=100x10x2/00=20

Amount = principal + interest

=100+20=120

According to the question it is 6600

1 unit assumed =6600/120

=55

Then sum or principal =100x55=5500

Like my answer if you find it useful!