Question

Mr.Joshi burrowed a sum of rs15000 from Mr.bhatta at the rate of 15% per year Calculate the amount received by Mr. Bhatta in 10 months.

Step by Step please

Answer 1

Step-by-step explanation:

Principal: Rs.15000

Rate of Interest = 15% p.a

Time/No.of years = 10/12 yrs

Simple Interest = PTR/100

= (15000 × 10/12 × 15)/100

= Rs. 1875

Amount = Principal + Simple Interest

= 15000 + 1875

= Rs. 16875