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The amount to be paid when principal = R...

The amount to be paid when principal = Rs. 2000, rate of simple interest (R ) = 5% , T = 2 years is :

A

Rs, 3,200

B

Rs, 2,400

C

Rs. 2,200

D

Rs. 3,400

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem, we need to calculate the amount to be paid after a certain period when given the principal, rate of interest, and time. The formula for calculating Simple Interest (SI) is: \[ \text{SI} = \frac{P \times R \times T}{100} \] Where: - \( P \) = Principal amount - \( R \) = Rate of interest (in percentage) - \( T \) = Time (in years) ### Step-by-Step Solution: 1. **Identify the values**: - Principal (P) = Rs. 2000 - Rate of interest (R) = 5% - Time (T) = 2 years 2. **Substitute the values into the Simple Interest formula**: \[ \text{SI} = \frac{2000 \times 5 \times 2}{100} \] 3. **Calculate the numerator**: - First, calculate \( 2000 \times 5 \times 2 \): \[ 2000 \times 5 = 10000 \] \[ 10000 \times 2 = 20000 \] 4. **Divide by 100 to find the Simple Interest**: \[ \text{SI} = \frac{20000}{100} = 200 \] 5. **Calculate the total amount to be paid**: - The total amount (A) is given by: \[ A = P + \text{SI} \] \[ A = 2000 + 200 = 2200 \] ### Final Answer: The amount to be paid after 2 years is Rs. 2200. ---
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