What amount a man would have received on a principal of Rs.7500 after two years at simple interest at the rate of 7 per cent per annum?

Rs.8,550

Principal( P) =  Rs 7500

Rate (R%)   =  7%

Time ( T )    = 2 years

Interest = \(\frac{Principal ×Rate × Time }{100}\) = \(\frac{ 7500 ×7 × 2}{100}\)  =  Rs 1050

⇒ Amount =  Principal + Interest = 7500+ 1050

             = Rs 8550