Question

1. Find interest and amount to be paid on ₹ 15000 at 5% per

annum after 2 years.i
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Answer 1

Answer:

Step-by-step explanation:

Principal(p)=Rupees.15,000

Rate(r)=5%

Time(t)=2 yrs

now,

Interest=P*T*R/100

=15,000*5*2/100

=1,50,000/10

=15,000

Therefore, interest is rupees 15,000.

now,

A=P(1+rt)

=15,000(1+5*2)

=15,000(1+10)

=15,000*11

=1,65,000

Therefore, amount is rupees 1,65,000.