Question

A sum of rs 10000 is borrowed at a rate of intreste 15% pet anmun for 2 years find the simple intrest on this sum and the amount to be paid end of 2 years

Answer 1

Answer

P=1000

R=15%p.a

T=2years

APPLY THE FORMULA FOR SIMPLE INTEREST

I=P×R×T/100

=1000×15×2/100

=300 IS THE INTEREST

A=P+I

=1000+300

=1300 IS THE AMOUNT TO BE PAID