Question

find the simple interest and amount on rs 1500 at 5% per annum for 5 years ?
please help me to find right answer​

Answer 1

Step-by-step explanation:

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Answer 2

Step-by-step explanation:

⇒ We have P=Rs.1500,T=5years and R=5%

⇒ We need to calculate total amount paid by person after 5 years = Principal+SimpleInterest

⇒ P+

100

P×R×T

1500+ 1500x5x5

100

⇒ 1500 + 375=Rs.1875

∴ Toatal amount paid by person after 4 years is Rs.1875