Question

A sum of rupees 4000 is lent for rupees 5 year at a rate of the 15% find interest and amount

Answer 1

Step1- Given

P (Principal) = 4000 rupees

T (Time) = 5 years

R ( Rate) = 15 %

Step2 = Simple Interest = P×R×T/100

Step 3 = Simple Interest = 4000×5×15 /100

Step 4 = Simple Interest = 300000/100

Step 5= Simple Interest = 3000 rupees

Amount = Principal + Simple Interest

Amount = (4000 + 3000) rupees

Amount = 7000 rupees