Question

Determine the simple interest on a loan of 1500 taka for 4 years at 5 percent per annum.​

Answer 1

SIMPLE INTEREST=PRINCIPAL×TIME×RATE OF INTEREST PER ANNUM./100

HERE,

PRINCIPAL=Rs.1500

TIME=4 Years

RATE OF INTEREST=5%

THEREFORE,S.I.=P×R×T/100

=RS.1500×4×5/100

=RS.300(ANS)