Question

A takes rs 3000 from B for 2 years at the rate of 10% half-
yearly
at simple interest. what amount will be paid by A to B after the end of
2 years
)​

Answer 1

⛄GIVEN⛄

• Principal P = rs. 3000
• Rate r = 10%
• Time t = 2 years

⛄TO FIND ⛄

• Total amount A had to pay B after 2 years

⛄SOLUTION⛄

we f1st calculate the Simple Interest S.I.

we know, that

$\rm S.I. = \frac{P \times r \times t}{100}$

where,

• P = rs. 3000
• r = 10%
• t = 2 years

put these values in the formula

$\rm \to S.I. = \frac{3000\times 10 \times 2}{100}$

$\rm \to S.I. = \frac{60000}{100}$

$\rm \to S.I. = \frac{600 \cancel{00}}{1 \cancel{00}}$

$\rm \to S.I. =rs. 600$

So, Simple Interest = rs. 600

Now, the total amount

=> P + S.I.

where,

• P = rs. 3000
• S.I. = rs. 600

put these values in above formula

$\rm\longrightarrow total \: amount = 3000 + 600$

$\rm \implies rs.3600$

Hence, the total amount paid by A to B after 2 years will be rs. 3600