Question

Find the simple interest for the sum of Rs. 15,000 for a period of 21

2

years at the rate of

10% per annum. Also find the amount to be returned​

Answer 1

HEY!!!

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

SI = PRT/100

=15000×2×10 /100

= 3000

• The interest will be Rs. 3000

and the amount at the end of 2 years.

and the amount at the end of 2 years. =P+I=15000+3000= Rs. 18,000