Question

Abhay borrowed 16000at 15/2 percent perannum simple interest. On the same does he gain at the end of 2years

Answer 1

This is the answer of u question hope it will help u

Answer 2

Solution :

T=2 years

Substitute the value in the formula,

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

$SI=160\times 15$

$SI=2400$

Amount = P+SI

Amount = Rs.16000+Rs.2400

Amount = Rs.18400