a sum of Rs 7500 is borrowed for 2 years at the rate of 5% per annum find the intrest and the ammount
Answers
Answered by
3
Answer:
Simple interest is Rs. 750.
Step-by-step explanation:
As we know, formula of simple interest = P*R*T/100
So, 7500*5*2/100
Equals 750.
Hope it helps you
Similar questions