4. The simple interest for 1500 at 8% per annum for 3 years is
(b) 360
(c) 450
(a) 400
(d) 500
Answers
Answered by
5
Step-by-step explanation:
the answer is 360..............
Answered by
5
A = (P×R×T)/100
Where,
A = Amount
P = Initial principal
R = Rate of interest
T = Time
So according to condition,
A = ₹ (1500×8×3)/100
= ₹ 36000/100
= ₹ 360
Hence, the simple interest for ₹ 1500 at 8% per annum for 3 years is ₹ 360.
Answer- 360.
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