Question

Vijay borrowed a sum 10000 rupees at 5% interest for 1 year from bank to buy a machine at end of period she pay back an amount of 500 rupees from above what she had to borrowed​

Answer 1

Answer:

The simple interest to the sum Rs. 10,000 for 2 years at a rate of interest 15% per annum is

100

10,000×2×15

=3,000.

So the interest will be Rs. 3,000 at the end of 2 years.

And the amount will be 10,000+3,000=13.000 at the end of 2 years.

Step-by-step explanation:

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