Question 60
The simple interest on a certain sum for two years is 1000 at the rate of 10% per annum. Whatis the amountafter these two years?
Solution
S.I = $$\frac{P\times R \times T}{100}$$
1000 = $$\frac{P\times 10\times 2}{100}$$
P= 5000
Amount = S.I + P
1000+ 5000
= 6000Rs
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