Akshay borrowed Rs.1500 from a friend at the rate of 12% p.a. for 21/2 years. Find the interest and amount paid by him at the end of 21/2 years.
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P
2
=15,000r=12%t=2years
I
1
=
100
P
2
×R
1
×T
=
100
15000×12×2
=3600
P=P
2
r
2
=15%t=2years
I
2
=
100
P
1
×R
2
×t
=
100
P
2
×15×2
Totalenterest I = 9000
I = I
1
+I
2
9000=3600+
100
P
2
×15×2
9000−3600=
100
P
2
×30
30
5400
×100=P
2
P
2
=18000Ans.
15000+18000=33000
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