Q.12. Find the interest and amount to be paid onă15000 at 5%per a – InterviewSolution

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1.

Q.12. Find the interest and amount to be paid onă15000 at 5%per annum after 2 years.

Answer»

SI = P*R*T/100Given,P = 15000, R = 5%, T = 2

SI = 15000*5*2/100 = 150*5*2 = 1500

Therefore,Interest = Rs 1500Amount to be paid after 2 years = 15000 + 1500= Rs 16500

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