Answer:
Rs. 80 is owed.
Step-by-step explanation:
Principle (P) = 2000
Time (T) = 2 years
Rate (R) = 2%
Interest (I) = ?
Here,
I = (P×T×R) / 100
= (2000×2×2) / 100
= (8000) / 100
= Rs. 80
P= 2000
T= 2
R=2÷100
I = PTR
= 2000×2×2÷100
2÷100=0.02
2000×2×0.02= 80
So i is 80
