Question

$\huge\tt\fcolorbox{cyan}{plum}{ QUESTION࿐}$

ᴀ ꜱᴜᴍ ᴏꜰ ʀꜱ 10,000 ɪꜱ ʙᴏʀʀᴏᴡᴇᴅ ᴀᴛ ᴀ ʀᴀᴛᴇ ᴏꜰ ɪɴᴛᴇʀᴇꜱᴛ 15%ᴘ.ᴀ. ꜰᴏʀ 2 ʏᴇᴀʀꜱ. ꜰɪɴᴅ ꜱɪᴍᴘʟᴇ ɪɴᴛᴇʀᴇꜱᴛ ᴀɴᴅ ᴛʜᴇ ᴀᴍᴏᴜɴᴛ ᴛᴏ ʙᴇ ᴘᴀɪᴅ ᴀᴛ ᴛʜᴇ ᴇɴᴅ ᴏꜰ 2 ʏᴇᴀʀꜱ.

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↦Don't Spam
↦Need Full Explanation

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Answer 1

Answer:

Simple interest is Rs 3000 and Amount paid is Rs 13000.

Step-by-step explanation:

Given :

• Principal is Rs 10000.
• Rate of interest is 15%.
• Time is 2 years.

To find :

• Simple interest.
• Amount paid.

Solution :

We know,

• Simple interest = (Principal × Rate × Time)/100

Put all values :

$\longrightarrow$ Simple interest = (10000 × 15 × 2)/100

$\longrightarrow$ Simple interest = 300000/100

$\longrightarrow$ Simple interest = 3000

Thus,

Simple interest is Rs 3000 .

Now,

We also know that,

• Amount = Principal + Interest

So,

$\longrightarrow$ Amount = 10000 + 3000

$\longrightarrow$ Amount = 13000

Thus,

Amount to be paid at the end of 2 years is Rs 13000.

Answer 2

Answer:

→ Simple Interest = Rs. 3000

→ Amount = Rs. 13000

Step-by-step explanation:

Given :-

• Sum = Rs. 10,000
• Rate of Interest = 15 %
• Time Period = 2 years

To Find :-

• Simple Interest
• Amount to be paid

Solution :-

« We need to find the simple interest as well as the amount to be paid for that we need to use the formula :

$\sf{ : \implies S.I \: = \dfrac{P \times R \times T}{100} }$

Where,

• S.I. = Simple Internet
• P = Principal
• R = Rate of Interest
• T = Time Period

Applying the formula,

$\sf{ : \implies S.I \: = \dfrac{10000 \times 15 \times 2}{100} }$

$\sf{ : \implies S.I \: = \dfrac{100 \cancel{00} \times 15 \times 2}{ \cancel{100}} }$

$\sf{ : \implies S.I \: = 100 \times 15 \times 2 }$

$\sf{ : \implies S.I \: = 3000 }$

Thus,

→ Simple interest is Rs 3000 .

Now we need to find the amount,

We know that,

→ Amount = Principal + Interest

→ Amount = 10000 + 3000

→ Amount = 13000

Thus,

>> Amount to be paid at the end of 2 years is Rs 13000.