Question

a sum of rs10000 is borrowed at a rate of interest 15% for 2 years . find simple interest and the amount to be paid at the end of 2 years

Answer 1

si=p*r*t/100

si=10000*15*2/10000                               (it became 10000 because it was 15% )

si=15*2

si=30

amount = p +si

amount = 10000+30

amount = 10030