Question

Find interest and amount to be paid on rupees 15000 at 5 percent per annum after 2 years.

Answer 1

Principal (P) = ₹15000
Rate (R) = 5%
Time (T) = 2 Years

Simple Interest (SI) = PRT / 100
=> 15000 × 5 × 2 / 100

=> ₹1500

Amount (A) = P + SI

Amount = ₹15000 + ₹1500

Amount = ₹ 16500
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