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

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

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S Sayak

\\Interest\ =Principal\ amount\times\frac{Interest\ rate}{100}\times time\\ \:\:=15000\times \frac{5}{100}\times 2\\

=Rs1500

Amount to be paid = Interest + Principal Amount

=Rs 15000 + Rs 1500

=Rs 16500

 

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