1.

A takes Rs. 3,000 from B for 2 years at the rate of 10% half early simple interest. What amount will be paid by A to B after end of 2 years?​

Answer»

Given:-

P=Rs.3000

R=10%

T=2 years

To Find:-

AMOUNT after the 2 year interval.

Answer:-

Interest (I)=\frac{P*R*T}{100}

\frac{3000*10*2}{100} \\\\=\frac{3000*20}{100} \\\\=\frac{30*20}{1} \\=600

Amount=Principal +Interest

=3000+600

=Rs.3600

Formulas to remember:-

SIMPLE Interest = Principle × Rate × TIME = PTR/100

C.I. = Principal (1 + Rate)Time − Principal/100



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