10,000 is borrowed at 15% per annum simple interest for 2 years. The i…

Question

10,000 is borrowed at 15% per annum simple interest for 2 years. The interest is:

Accepted Answer

B. 3,000

1. One year's interest is 1,500.
2. Two years give 3,000.
3. The amount to repay is 13,000.
_Source: syllabus Mathematics, Chapter 8, Comparing Quantities._

Answer

3,225

Answer

1,500

Answer

2,250

10,000 is borrowed at 15% per annum simple interest for 2 years. The interest is:

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