2. Jaimin takes Rs. 10000 at 12% per year as rate of interest, for 2 years. How much interest he
has to pay at the end of two years?
Answers
Answered by
3
Answer:
Rs12400
Step-by-step explanation:
Simple interest=12% of 10000
=12/100*10000
=Rs1200 per year
1 year=Rs1200
So, At the end of 2 years=Rs1200*2
=Rs2400
Total income=10000+2400
=Rs12400
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Answered by
15
GIVEN :-
Principal = ₹10,000
Rate = 12%
Time = 2 Years.
TO FIND :-
How much interest he has to pay at the end of two years?
SOLUTION :-
Principal = ₹10,000
Rate = 12%
Time = 2 Years.
S.I = P×R×T/100
= 10,000×12×2/100
= 2,400
So, Interest he Has to pay at the end of two years = ₹2,400.
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