Question

Paolo
2 Jaimintakes Rs 10000 at 12%
as rate of interest for 2 years How much
per
year
.
interest he has to pay at the end of two years



plz correct answer with solution​

Answer 1

Answer:

Rs. 2400

Step-by-step explanation:

We are given that Jaimin takes Rs. 10000 at 12% per year as rate of interest for 2 years.

So, we are given Principle, rate of interest and time as Rs. 10000, 12% per annum and 2 years respectively.

How much interest he has to pay at the end of two years?

We have to find Simple interest which Jaimin have to pay at end of 2 years.

Given :

Principle, P = Rs. 10000

Rate of interest, R = 12% p.a.

Time, T = 2 years

To Find :

Simple interest = ?

Solution :

We know that :

By putting values :

Therefore, Jaimin has to pay Rs. 2400 as interest at the end of 2 years.

Hope this answer will help you.