Question

A sum of rs 4000 is lent for 5 years at the rate of 15%per annum.find the interest

Answer 1

Simple interest = p*r*t / 100 = 4000*5*15/100 = Rs. 3000
Was this answer helpful?

Answer 2

Dear friend,

P = Rs. 4000
R = 15 % p.a.
T = 5 yrs

$si = \frac{prt}{100}$

$\frac{4000 \times 15 \times 5}{100}$

$si = 3000$

Answer. SI is Rs. 3000.

Hope it helps !!!