Arun takes a loan of ₹5000 at 15% per year as rate of interest. Find the interest he has to pay at the end of two years.
Answers
Answered by
3
Step-by-step explanation:
P = 5000
r = 15%
I = 5000 x 15 x 2/100
Therefore,
Interest = 1500
Answered by
1
Answer:
Simple Interest = Principle * Rate * Time / 100
= 5000 * 15 * 2 /100
= 1500 Rupees
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