Question

abhay borrowed 16000at 15/2 percent per annum simple interest. on the same does he gain at the end of 2years

Answer 1

Answer:

The amount is Rs.18400.

Step-by-step explanation:

Given : Abhay borrowed 16000 at 15/2 percent per annum simple interest.

To find : On the same does he gain at the end of 2 years?

Solution :

Applying interest formula,

$SI=P\times R\times T$

Where, P is the principal P=Rs.16000

R is the rate $R=\frac{15}{2}\%=\frac{15}{2\times 100}$

T is the time T=2 years

Substitute the value in the formula,

$SI=16000\times \frac{15}{2\times 100}\times 2$

$SI=160\times 15$

$SI=2400$

Amount = P+SI

Amount = Rs.16000+Rs.2400

Amount = Rs.18400

Therefore, The amount is Rs.18400.

Answer 2

refer to the attachment...