Question

The interest on Rs. 500 at 15% yearly for 2 years = Rs ___​

Answer 1

Answer:

1,25,000

Step-by-step explanation:

rs= si×100÷t×15

500×100÷2×15

=1,25,000

Answer 2

If it’s simple
500 x 15 x 2 / 100
Simple interest = 150
If it’s Compound inters
500(1+15/100)^2
=500 (100+ 15 /100 ) ^2
= 500 (115/100)^2
= 500 x 115 /100 x 115 /100
A = 661.25
Compound interest = A-P
Compound interest = 661.25 - 500
Compound interest =₹ 161.25