Find the amount Ram will get after 2 years when he invests Rs 15000 at 15 % interest.

Options

A. Rs 18500
B. Rs 19500
C. Rs 17500
D. Rs 16500

Answer

To find the amount Ram will get after 2 years when he invests Rs 15,000 at 15% interest, we will follow these steps:

### Step-by-Step Solution:

1. **Identify the given values**:
- Principal (P) = Rs 15,000
- Rate of interest (R) = 15%
- Time (T) = 2 years

2. **Use the formula for Simple Interest (SI)**:
\[ \text{Simple Interest (SI)} = \frac{P \times R \times T}{100} \]

3. **Substitute the values into the formula**:
\[ \text{SI} = \frac{15000 \times 15 \times 2}{100} \]

4. **Calculate the Simple Interest**:
- First, calculate \(15 \times 2 = 30\).
- Now, substitute this back into the equation:
\[ \text{SI} = \frac{15000 \times 30}{100} \]
- Simplifying further:
\[ \text{SI} = \frac{450000}{100} = 4500 \]

5. **Calculate the Total Amount (A)**:
\[ \text{Amount (A)} = \text{Principal (P)} + \text{Simple Interest (SI)} \]
\[ A = 15000 + 4500 = 19500 \]

6. **Final Result**:
Ram will get Rs 19,500 after 2 years.