# How Much More did He Pay as Simple Interest? If

Ram bought a bike for ₹ 60,000. He paid ₹ 10000 cash down and the rest at the end of 2 years at 15% simple interest. How much more did he pay as simple interest?

- ₹ 25,000
- ₹ 15, 000
- ₹ 50,000
- ₹ 35,000

**Answer: (2) Rs. 15, 000**

**Explanation:-
**Ram bought a bike for Rs. 60, 000. He paid Rs. 10, 000

Then, rest amount = 60, 000 – 10, 000

= Rs. 50, 000

Time = 2 years, Rate = 15%

Then, the simple interest = 50, 000 x 2 x 15/100

= 500 x 2 x 15

= Rs. 15, 000

Then, he pay Rs. 15, 000 as simple interest.

Hence, the answer is (2) Rs. 15, 000.