Question

simplest intrest of ₹ 500 at 15% for 2 years is ₹ ​

Answer 1

Answer:

150

Step-by-step explanation:

500x15x2x1/100= 150

Answer 2

Step-by-step explanation:

Principal: The money which we deposit in or the lower from the bank or the money learned called the principal.

Rate of interest: The interest paid on $ 100 for one year is called the rate per cent per year or rate per cent per annum.

Time: The period of time for which the money is lent or invested.

Interest: Additional money paid by the borrowed to the lender for using the money is called interest.

Simple Interest: If the interest is calculated uniformly on the original principal throughout the lone period, it is called simple interest.

Amount: The total money paid back to the lender is called the amount.

S.I = (P × R × T)/100

R = (S.I × 100)/(P × T)

P = (S.I × 100)/(R × T)

T = (S.I × 100)/(P × R

500×15×2

100

5×15×2=₹60

SI = P+SI

= 60+500

=₹560