calculate the simple interest on Rs 15,000 for 2 years at 10% per annum
Answers
Answered by
0
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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Answered by
0
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
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