Question

calculate the interest on rs 3000at 10% per annum for a period of 3 years

Answer 1

Here, as per the provided question we are asked to find the simple interest –

GIVEN :

• Principal = ₹3,000
• Rate of interest = 10% per annum
• Time = 3 Years.

TO FIND :

• Simple interest = ₹?

STEP-BY-STEP EXPLANATION :

Now, we'll have to find the simple interest = ?

→ Simple intrest = P×R×T/100

→ Simple intrest = 6,000×10×3/100 = 1,800

→ Simple intrest = ₹1,800

Answer 2

Question

• Calculate the interest on rs 3000at 10% per annum for a period of 3 years.

Formula needed for the sum - P*r*t/100

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Solution :

$s.i = p \times r \times t \div 100 \\ = 3000 \times 10 \times 3 \div 100 \\ = 900 \\ \therefore \: interest \: = 900$