3 Mark Questions
11. Find Simple interest on Rs15000 at 5 % for 3 years. Also find the amount.
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Step-by-step explanation:
The simple interest to the sum Rs. 15,000 for 2 years at a rate of interest 5% per annum is
S.I.=100PRT
⇒10015,000×2×5=1,500.
The interest will be Rs. 1,500
and the amount at the end of 2 years.
=P+I=15000+1500= Rs. 16,500
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