Question

Jaimin takes Rs. 10000 at 12%
per year as rate of interest , for 2 years. How much interest he has to pay at the end of two year?
plzz answer fast​

Answer 1

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Principal=₹10000

Rate of interest=12%

Time= 2years

Simple interest =P(1+r×t)

10000(1+12×2)

10000(1+24)

10000+240000

250000

So Amount to be to paid at the end of two years is ₹250000

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Answer 2

Answer:

Principal=₹10000

Rate of interest=12%

Time= 2years

Simple interest =P(1+r×t)

10000(1+12×2)

10000(1+24)

10000+240000

250000

So Amount to be to paid at the end of two years is ₹250000