In how many year will 20000 amount 28000 at 4% p.a. simple interest ?� – InterviewSolution

1.	In how many year will 20000 amount 28000 at 4% p.a. simple interest ?
Answer» -step EXPLANATION:PRINCIPAL = $2000Rate = 5% P.a. T = 3 yearsS.I = (P × R × T)/100 = (2000 × 5 × 3)/100 = $ 300Amount = P + I = $ ( 2000 + 300 ) = $ 2300

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