Find interest and amount to be paid on rupees 15000 at 5% per annum after 2 years

asked Feb 6, 2021 130k views

2 votes

by Niva

8.4k points

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3 votes

Here
Principal(P)=15000
Time(T)=2years
Rate(R)=5% p.a.

Interest(I)=PTR/100
=15000*2*5/100
=1500

Amount(A)=P+I
=15000+1500
=16500

Ephigenia answered Feb 10, 2021