Question

a sum of ₹35000 was invested at the rate of 5% simple interest per annum.What was the interest earned at the end of 3 years of investment​

Answer 1

Answer:

We know that,

SI = (P ×R×T) /100

So,

SI = (35000 × 5 × 3) /100

= 350 ×15

= ₹ 5250

Interest = Principal - SI

= 35000 - 5250

= 29750