Find the simple interest on ₹ 1560 for 2 years at 5 per cent per annum. Also find the amount
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Answer:
simple intrest =principal ×rate×time÷100
Step-by-step explanation:
1560×2×5÷100=156
Answered by
0
Answer:
Step-by-step explanation:
Principal = ₹1560
Time = t = 2 years
Rate of interest = r = 5 %
SI = Prt/100
= 1560 × 2 × 5/ 100
= 15600/100
= ₹ 156
Therefore SI on ₹ 1560 for 2 years at 5 % is ₹156.
Amount = SI + PRINCIPAL
= ₹1560 + ₹156
= ₹ 1716
Therefore the amount is ₹1716
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