Answer:
₹2520
Step-by-step explanation:
First, converting R percent to r a decimal
r = R/100 = 10%/100 = 0.1 per year,
then, solving our equation
I = 12600 × 0.1 × 2 = 2520
I = ₹ 2,520.00
The simple interest accumulated
on a principal of ₹ 12,600.00
at a rate of 10% per year
for 2 years is ₹ 2,520.00.
