Question

A sum of ₹ 10,000 is borrowed at a rate of interest 15% per annum gor 2 years. Find the simple

interest on this sum​

Answer 1

Answer:

Amount to be paid=principal amount+Simple interest

Simple interest=P×R×T100 where P is the principal amount ,T is time and R is the rate of the interest.

Simple interest=10,000×15×2100=3000

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