Question

Atul invested rupees 1500 in a bank offering 9 percent rate of simple interest per annum.
i)calculate the simple interest for 2 years
ii)Amount he receives at the end of 2 years​

Answer 1

Answer:

270, 1770

Step-by-step explanation:

1. Simple interest for 2 years will be 9% ×2 = 18%

so total simple interest for 2 years on Rs. 1500 will be 1500 × 18/100 = Rupees 270

2. amount = principal + 2 years simple interest

= 1500 + 270

= 1770 answer