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think you are forgetting something in formula i.e. N
@BPDlkeme234 Thats what the question says though.
in your case the principal is 200, rate = 5% p/m t= 2 months in first month = P x r = 200 x (5/100) = 10 its simple interest so we dont add on: in 2nd month = P x r = 200 x (5/100) = 10 so interest = 10 euro So, total interest is 20.00 I = P x RT I = 200 x (5/100) x(2) I = 2000/100 I = 20
Thank you so much!!!!!!
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