Mr.Sunil Singh borrowed Rs.1500 at the rate of 12% per annum S.I.What will be the amount after 2 years 73 days.

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1. Given:–

   •Principal is 1500 rupees at the rate of 12% per annum.

   To Find:–

   •What will be the amount after 2 years 73 days.

   Solution:–

   we have,

   • Principal = 1500 rupees
   • Rate = 12%
   • Time = [tex]\sf2\dfrac{73}{365}[/tex]days = [tex]\sf2\dfrac{1}{5}[/tex]days = [tex]\dfrac{11}{5}[/tex]days

   Using Formula:

   [tex] \: \: \sf \: simple \: interest = \frac{p \times r \times t}{100} [/tex]

   Now substitute the values,

   [tex] \: \: \sf \: simple \: interest = \frac{1500 \times 11 \times 12}{100 \times 5} = 396rupees[/tex]

   Hence,Simple Interest is 396 rupees.

   Now,

   • S.I = 396 rupees
   • Principal = 1500 rupees

   Using Formula:

   [tex] \: \: \sf \: amount = principal + simple \: interest[/tex]

   Now substitute the values,

   [tex] \: \: \sf \: amount = 1500 + 396 \\ \\ \: \: \sf \: amount = 1896rupees[/tex]

   Hence,Amount is 1896 rupees.

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