Question

Rita takes a loan of Rs 5000 at 15 % per year as rate of interest. Find the simple interest, she has to pay after 2 years. Also, find the amount. *
​

Answer 1

Step-by-step explanation:

$\bold{SI} = \Large\frac{P×R×T}{100}$

$= \Large\frac{5000×15×2}{100}$

$= 50×15×2$

$= 1500$

$\bold{Amount} = P+SI$

$= 5000+1500$

$= 6500$

$Hence, the\: SI = ₹1500$

$\& \:Amount = ₹6500$