Question

Find the amount and simple interest on Rs. 15,000 at 8% for 3 years.​

Answer 1

Answer:

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Step-by-step explanation:

The simple interest to the sum RS.15,000 for 2 years at a rate of interest 5% per annum is

S.I = PRT by 100

= 15,000× 2×5 by 100 = 1,500

The interest will be 1,500 and

the amount at the end of 2 years .

= P+ I = 15000+1500= RS.16,500

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