hbunny845 hbunny845

19-07-2020
Mathematics

contestada

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

Respuesta :

19-07-2020

Answer:

$16537.50

Step-by-step explanation:

Simple Interest Rate Formula: A = P(1 + r)^t

Since we are given P, r, and t, simply plug it in to find your answer:

A = 15000(1 + 0.05)²

A = 15000(1.05)²

A = 15000(1.1025)

A = 16537.5

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DatGuy323 DatGuy323

19-07-2020

Answer: $16537.50

Step-by-step explanation:

Simple interest is I = P(1 + r)^t, where P is principle and r is rate and I is interest and t is time. Here the rate is .05, principle is 15000 and t is 2. [tex]I=15000(1+0.05)^2\\\\I=15000(1.05)^2\\I=15000(1.1025)\\I=16537.50[/tex]

Hope it helps <3

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