alleryFind the simple interest on Rs 15,000 at 5 per cent per annum after 2 years.
ARs 750
BRs 1,750
CRs 3,000
DRs 1,500
Answer & Solution
Correct answer: D. Rs 1,500
1. Interest for one year = (5/100) x 15000 = Rs 750.
2. Simple interest keeps the same principal each year.
3. Interest for 2 years = 750 x 2 = Rs 1,500.
4. Amount after 2 years = 15000 + 1500 = Rs 16,500.
_Source: syllabus Maths Ch7 'Comparing Quantities', TRY THESE after Example 7_
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