Question

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

Answer 1

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