Question

a sum of rupees 2000 amount to Rs 3000 in 2 years at simple interest interest for 3 year is what

Answer 1

Answer:

Interest for 3 year is 1500 Rs

Step-by-step explanation:

Given:

Principle Amount= 2000

no. of years         =  2

Total Amount after getting interest= 3000

So, first we have to calculate interest amount,

For that ,

    Interest=3000-2000= 1000

Formula for Simple Interest = PNR/100

Where,

P = Principle amount.

N = numbers of years.

R = Rate of interest.

Let put the given values in formula,

I=PNR/100

1000=2000*2*R/100

        =40R

1000=40R

∴ R=25

Here we get rate interest i.e R=25.

Lets calculate interest for 3 years so we have to put value of

N = 3

I = PNR/100

I = 2000*3*25/100

I=1500

So final amount we get is

Principal amount + Interest = 2000 + 1500

                            Answer = 3500