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
Please mark me as the brainliest
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.
- Please Give me Thanks •
Similar questions
English,
2 months ago
English,
2 months ago
English,
2 months ago
Hindi,
5 months ago
India Languages,
10 months ago
Social Sciences,
10 months ago