3. A sum of Rs 10,000 is borrowed at a rate of interest of 15% per annum for
2 years. Find the simple interest on this sum and the amount to be paid at
the end of 2 years.
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Answer:
simple interest=ptr/100
=15000*2*15/100
=3000
.
. . simple interest = 3000
amount he need to pay after 2 years=10000+3000=13000
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