calculate the simple interest collected by a bank if $ 1500 is loaned for 3 year at 8% per annum.
Answers
Answered by
2
Answer:
principal×rate of interest× term/100=interest
1500×8×3/100
15×8×3
15×24
360
Ans: Rs.360
Answered by
1
Step-by-step explanation:
Si = 1500 × 8 × 3
------------------------------
100
= 15 × 24
= 360
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