Question

20,000 is invested at the rate of 5% per annum. Find the interest payable at the end of three
years.​

Answer 1

Answer:

p =20000 /-

t=3 years

r=5%

I=?

I = ptr / 100

$= 20000 \times 3 \times 5 \div 100 \\ = 3000$

so the payable interest is = 3000 /-

Answer 2

Answer:

Simple interest is 3000

S.I= P×R×T

100

= 20000 × 5 × 3

100

= ₹3000

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