2% means 2/100 so divide your 8000 by 100 and multiply by 2 to get 160.
You would earn 1750.
In simple interest, 50,000 would earn 1,500 in one year.
20,000
You will earn 1000000*4/100 = 40000.
21.28
$2400
60,000
You would earn 1750.
300.00
In simple interest, 50,000 would earn 1,500 in one year.
$2500
20% of 8000 = 20% * 8000 = 0.2 * 8000 = 1600
20,000
40
You will earn 1000000*4/100 = 40000.
21.28
21.28