Question

a. X invested Rs. 35,500 for a period of 3 years at an interest rate of 8% per annum.
Calculate the interest and amount he will receive at the end of 3 years.
b. At what rate percent per annum will the simple interest on Rs, 15,000 be Rs. 1,500 in 2 years 6 months.

Answer 1

Answer:

ans of a.) is 8,520 and 44,020

ans of b.) is 12%