Question

(2)
1) Find the simple interest of 1000 kept for 2 years at 3 % rate of
interest.
2) Find the amount and interest of 5000 kept for 2 years at 7 % rate of interest

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Answer 1

Answer:

1000×2×3/100

=6000/100

=60

SI= 60

amount =1060

Answer 2

Step-by-step explanation:

si = p×r×t/100

1000× 2×3/100 =60

hence si = 60

2)

amount = p + si

si= prt/100

5000 ×2×7/100

=700

si = 700

now,

amount = p + si

= 5000+ 700

hence, amount=5700