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  • Find the interest and amount to be paid on 42,000 at  8% per annum after 2 years. \

Find the interest and amount to be paid on 42,000 at  8% per annum after 2 years.

 

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\begin{aligned} &SI=\frac{P \times R \times T}{100}\\ &SI=\frac{42000 \times 8 \times 2}{100}=\frac{672000}{100}=? 6,720 \end{aligned}

\text { Amount }=\text { Principal }+ \text { Interest }=42000+6720=? 48,720

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Divya Sharma

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