Question

Mani borrowed Rs 10,000 at a rate of interest 15% p.a. for 2 years. Find simple interest and the amount to be paid at the end of 2 years.​

Answer 1

Step-by-step explanation:

Solution :

Amount to be paid=principal amount+Simple interest

Simple interest=P×R×T100 where P is the principal amount ,T is time and R is the rate of the interest.

Simple interest=10,000×15×2100=3000

Amount to be paid=10,000+3000=Rs.13000

Answer 2

Answer:

$simple \: interest \: = \frac{p \times r \times t}{100} \\ \frac{10000 \times 15 \times2 }{100 } = 3000 \\ simple \: interest = 3000 \\ amount \: = principle \: + simple \: interest \\ amount \: = 10000 + 3000rs. \\13000rs.$