Question

Find the simple interest on Rs. 15000 at 12 p.c.p.a. for 8 years.​

Answer 1

Answer:

P

2

=15,000r=12%t=2years

I

1

=

100

P

2

×R

1

×T

=

100

15000×12×2

=3600

P=P

2

r

2

=15%t=2years

I

2

=

100

P

1

×R

2

×t

=

100

P

2

×15×2

Totalenterest I = 9000

I = I

1

+I

2

9000=3600+

100

P

2

×15×2

9000−3600=

100

P

2

×30

30

5400

×100=P

2

P

2

=18000Ans.

15000+18000=33000

Answer 2

Answer:

Principal = Rs. 15000

Rate of interest = 12 %

Time = 8 years

Simple interest = P×T×R/100

Simple interest = 15000 × 8× 12 /100

Simple interest = Rs. 14,400

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