A sum of Rupees 10,000 is borrowed at a rate of intetest 15% per annum for 2 years.Find the simple interest on this sum and the amount to be paid at the end of 2 years.
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Answer:
Simple Interest = 3000
Amount = 13000
Step-by-step explanation:
S.I = PTR/100
= 10000×2×15/100
= 3000
Amount = Principal + Interest
= 10000+3000
= 13000
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