Question

A sum of Rs. 10,000 is borrowed at a rate 15% per annum for 3 years. Find the simple interest on this sum and the amount to be paid at the end of 3 years​

Answer 1

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.

Answer 2

Answer:

Interest = Rs.4500

Total Amount to be paid = Rs.14500

Step-by-step explanation:

Simple interest formula = Principal Amount × Rate × Time

⇒10,000×$\frac{15}{100}$×3

⇒$\frac{450000}{100}$

Thus, Interest = Rs.4500

And Total money to be paid = Rs.4500 + Rs.10000 = Rs.14500

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