1. Example problems I

A sum of \(₹10000\) is borrowed at a rate of interest \(15 \%\) per annum for \(2\) years. Find the simple interest on this sum and the amount to be paid at the end of \(2\) years.

 

 

Simple interest for \(2\) years \(= ₹\)

 

Amount to be paid at the end of \(2\) years \(= ₹\)