Question

2) Mr. Mathur borrowed 29500 from a 07. bank at a rate of 12 % pa for 2 years find the simple interest​

Answer 1

Principal= ₹29500
Rate of interest= 12% p.a.
Number of years= 2

Look, what we have to use here is- I= P*R*1/100 (* = multiply)

So for first year, I am gonna above formula to solve it in simple interest.
I (interest)= 29500*12*1/100
I= 295*12*1/1
I= 295*12
I= 3540

A(amount)= P+I
=29500+3540
=33040

Now do that one more time by using Principal= ₹33040, Rate of interest= 12% p.a.
You only have to find Interest (formula to find interest is P*R*1/100) and amount (formula to find amount is P+I)

Hope it helps you, please do me a favour by marking me 5.0/5.0