Find the amount Ram will get after 2 years when he invests

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

Here, P = ₹ 15000 , R = 15% , T = 2 years
We can find the required answer with the help of given formula ,

A = P		100 + RT
		100

Amount = 15000		100 + 15 × 2
		100

A = 15000 ×	130
	100

A = ₹ 19500.