Question

A sum of Rs 10,000 is borrowed at a rate of interest 15%p.a. for 2 years. Find simple interest and the amount to be paid at the end of 2 years.

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Answer 1

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Answer:

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.

Step-by-step explanation:

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Answer 2

Answer:

p=10000

r=15%

t=2 years

S.I.= (P×R×T)/100

=(10000×15×2)/100

= Rs. 3000

amount=P+S.I.

=10000+3000

=Rs.13000