If it is simple interest, then it is 2700. ■
5 years
Rs 84 in all.
It depends on whether the 4% interest is per annum or for 8 years altogether. Also, you have to see if it is a simple interest or compounded interest.
0.9938% per month, when compounded is equivalent to 12.6% annually.
If it is simple interest, then it is 2700. ■
$494.34 Interest= principal amount * time* simple interest %
Rs 80.
5 years
Rs 84 in all.
120
30 years
Assuming simple interest, you multiply the capital times the interest rate times the number of years.
It depends on whether the 4% interest is per annum or for 8 years altogether. Also, you have to see if it is a simple interest or compounded interest.
0.9938% per month, when compounded is equivalent to 12.6% annually.
simple interst is when you earn interest from your principal but compound interest is when you earn interest from your principal as well as from your previous interest
It will grow to nine eighths of the original sum.