Question

Ramesh returned the loan of 1500 after one year. What
amount he will have to pay when the interest is 5% per
year?​

Answer 1

Answer:

Ans is 45 ok

Step-by-step explanation:

$1500 \times 5 \div 100 = 75$

Answer 2

Step-by-step explanation:

15000 rupees is your answer

The formula for finding simple intrest is

$\frac{principle \times rate\% \times time }{100}$

According to Question

Rate of interest (R) = 5%

Time (T) always taken in years = ${2}$

Principal (P) = 1,500

According to the formulae

$\frac{1500 \times 5\times 2}{100} = 15000 \: rupees$

So simple intrest = 15000 rupees

So simple intrest = 15000 rupeesRelated formulas

Principal =

$\frac{intrest \times 100}{rate\% \times time \: period}$

Rate =

$\frac{intrest \times 100}{principal \times time}$

Time =

$\frac{intrest \times 100}{principal \times rate}$

Amount= Principal + Simple intrest