Question

Jatin borrowed a sum of Rs 10000 from Rahul in an hour of need . Rahul gave the money happily but charged some interest at the rate of 15%p.a. for 2 years . Calculate the interest paid by him.
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Answer 1

Answer:

simple interest= P×R×T/100

Step-by-step explanation:

principal = 10000

rate =15%

time = 2 years

simple interest= 10000×15×2/100

= 3000

Answer 2

Answer:

SI=(P×R×T)/100,

So, SI= (10000×15×2)/100,

=300000/100,

=3000

So interest paid by him=3000