Question

15000 for 2 years at 8% p.a.​

Answer 1

$\sf{principal = 15000}$

$\sf{time} = 2 \: years$

$\sf{rate = 8\% \: p.a.}$

$\sf{s.i. = \frac{p \times r \times t}{100} }$

$\sf{s.i. = \frac{15000 \times 2 \times 8}{100} }$

$\: \: \sf{s.i. = 2400}$

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