Q. 1 B5.0( 2 Votes )
Use the formula to find simple interest and amount.
Answer :
Given: Principal (P) = Rs. 15000,
Rate of Interest (R) = 11% and
Number of years (T) = 2year
As simple interest (SI):
⇒ SI = Rs. 3300
As we know,
Amount = P + SI
A = 15000 + 3300
⇒ A = Rs.18300
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