Question

Find the simple interest on ₹55,000 at 15% per annum for 2 years.​

Answer 1

Answer:

16500

Step-by-step explanation:

simple interest =

$p \times r\% \times t$

PRINCIPLE= 55000

RATE= 15%

TIME= 2 years

$55000 \times \frac{15}{100} \times 2 \\ \\ 1100 \times 15 \\ \\ 16500$

Answer 2

Given:

Principal = Rs 55000

Time = 2 years

Rate = 15 %

To find:

Simple Interest

Solution:

The formula to find the simple interest is as follows :

$SI = \frac{PTR}{100}$

where, P = Principal, T = Time, R = Rate

$SI = \dfrac{55000 \times2 \times 15}{100}$

$= > \dfrac{1650000}{100}$

$= > 16500$

Hence, Simple Interest is Rs 16,500