Question

a sum of rs 10,000 is borrowed at a rate of interest 15%p.a for 2 yrs.find simple interest and the amount to be paid at the end of 2 yrs

Answer 1

15/100...... 3/20

20------23
20------23
400----529

10000/400*529

Amount =Rs 13529
S. I =AMOUNT - Principal
S. I =13529-10000
S.I = Rs 3529