a sum of ₹10000 is borrowed at a rate of interest 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:
Step-by-step explanation:
Principal (P) = ₹10000
Rate% (R) = 15%
Time (T) =2years
Interest = P×R×T/100
=10000×15×2/100×100
=₹30
Amount = (principal + interest)
=₹(10000+30)
=₹10030
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