Question

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Q.5 A sum of 10,000 amounts to 12,000 in 2 year find the rate of interes
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nound interest if principal = 20.000 rate of interest =​

Answer 1

Amount to be paid=principal amount+Simple interest

Simple interest=`(P xx RxxT)/100` where P is the principal amount ,T is time and R is the rate of the interest.

Simple interest=` (10,000 xx 15xx 2)/100=3000`

Amount to be paid=`10,000+3000=Rs.13000`