Question

Example 10: A sum of 10,000 is borrowed at a rate of interest 15% per annum for2
years. Find the simple interest on this sum and the amount to be paid at the end of 2 years
Solution: On​

Answer 1

Answer:

The simple interest to the sum Rs. 10,000 for 2 years at a rate of interest 15% per annum is

100

10,000×2×15

=3,000.

So the interest will be Rs. 3,000 at the end of 2 years.

And the amount will be 10,000+3,000=13.000 at the end of 2 years.

Answer 2

Answer:

Given- Sum=10,000,Rate of Interest=15%per annum for 2 years

To Find- 1)Simple Interest on this sum

2) The Amount to be paid at the end of 2 years

Solution- Interest(I)= P X R X Y

________

100

=10,000X15X3

__________

100

=3000

Amount=Interest+Sum

=3000+10,000

=13,000

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