Question

what sum lent out at 15 upon 2% per annum would yield rupees 384 as simple interest for 2 years​

Answer 1

Principal:- 384

Rate :- 15/2 = 7.5

Time =2 years

To find :-

Simple interest, Amount

We know that ,

Simple interest= principal* time * rate / 100

Simple interest=384*7.5*2/100

Simple Interest=5760/100

Simple interest= 57.6

Hence simple interest is 57.6

We know that amount is Principal+Simple Interest

So amount= 384 + 57.6

Amount=441.6

Hence your amount is 441.6 and Simple interest is 57.6

Hope this helps