Question

A Sum of 15000 is borrowed at a rate 15% per annum 3 Simple interest on this Sum and the amount to be paid at the end of years. for 3 years find the simple interest on this sum and the amount to be paid at the end of 3 years.

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Answer 1

Step-by-step explanation:

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Answer 2

Step-by-step explanation:

The simple interest to the sum Rs. 10,000 for 2 years at a rate of interest 15% per annum is

100

10,000×2×15

=3,000.

So the interest will be Rs. 3,000 at the end of 2 years.

And the amount will be 10,000+3,000=13.000 at the end of 2 years.