Question

find the intrest and amount to be paid on ₹15000 at 5% per annum after 2 years

Answer 1

hello Vanshika

Here is your answer

here
Principal = 15000

Rate of Interest = 5%

Time = 2years

As we know

Amount = Principal + Interest.

Simple Interest = Principal × Rate /100 × Time

= 15000 × 5/100 × 2

= 1500

Hence Interest on principal is ₹1500

Now, Amount = 15000+ 1500
= ₹ 16500

hope it helps.
#jerri

Answer 2

given:-principal=15000 rate=5% time=2yrs
therefore amount= principal×(1+r÷100)×n
amount=15000×(1+5÷100)×2=16537.5
now interest=amount -principal
interest=16537.5-15000=1537.5

ans:-amount=16537.5 and interest=1537.5