Question

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.​

Answer 1

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