Question

calculate the simple interest on Rs 15,000 for 2 years at 10% per annum​

Answer 1

Answer:

S.I = 300

Step-by-step explanation:

solution-------->

Given

P = 15000

N = 2

R = 10%

now as we know formula

SI = PNR/1000

     = 15000*2*10/1000

     = 300

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Answer 2

Answer:

Given,

Principal (P) = Rs 15000

Rate (R) = 10% p.a.

Period (n) = 2 years

Hence,

Amount (A) = P {1 + ( R )}n

100

= Rs 15000 {1 + ( 10 )}²

100

On further calculation, we get,

= Rs 15000 × ( 11 )× ( 11 )

10 10

We get,

= Rs 18150

Therefore,

Compound interest = Amount – Principal

= Rs 18150 – 15000

We get,

= Rs 3150