Question

15000 at 10% p.a for 3/2 years by using first principle

Answer 1

P = 15000

R = 10%

T = 3/2 = 1.5 YEARS

INTEREST = P × R × T/100

= 15000×10×1.5/100

= 15000×10×15/ 1000

= 2250

Interest is 2250