Question

10) The Simple interest to be paid for Rs.15,000 at the rate of 2% p.a. for 5
years will be​

Answer 1

Answer:

Rs 16,500

Step-by-step explanation:

The simple interest to the sum Rs. 15,000 for 2 years at a rate of interest 5% per annum is

S.I.=  

100

PRT

​  

 

⇒  

100

15,000×2×5

​  

=1,500.

The interest will be Rs. 1,500  

and the amount at the end of 2 years.  

=P+I=15000+1500= Rs. 16,500  

Answer 2

Answer:

The simple interest to be paid for 5 years will be Rs.1500

Step-by-step explanation:

Given,

Principal amount (P) = Rs. 15000

Rate (R) = 2%

Time (t) = 5 years

Simple interest can be calculated as:

S.I = PRT / 100

S.I = (15000 * 2 * 5) / 100

S.I = 150 * 2 * 5

or, S.I = Rs. 1500

Therefore, The simple interest to be paid for 5 years will be Rs.1500