Question

Sheela takes 150000rs from meenakshi at rate 1% per annum for 1 year. then what is Sheela give to meenakshi after 1 year. give step by step explanation​

Answer 1

Step-by-step explanation:

Principal = Rs. 1,50,000

Rate = 1%

Time = 1 year

simple interest = (Principal × Time × Rate)/100

= 150000 × 1 × 1/100

= Rs. 1,500

Amount = Principal + Simple Interest

= 150000 + 1500

= Rs. 1,51,500 has to be given to meenakshi