Question

Rs.15000 for 2 years when the rate Of interest for the consecutive years is 8% and 9% p.a. respectively.​

Answer 1

First we have to find out the simple interest of both the situations by applying the formula which is:

$p \times r \times t \div 100$

So then the equation for the first one will be

15000x8x2÷100= 2400 rupees

So the simple interest is 2400 rupees

Then for the second one the equation will be

15000x9x2÷100= 2700 rupees

So the simple interest is 2700 rupees

Hope It helps you

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