find the interest on ₹ 40000 for 3 years ar the rate of 15% per annum
Answers
Answered by
9
one month interest = 15/100×40000= 6000
one year = 12 month
3 year = 12×3=36
3year interest = 6000×36= 216000
one year = 12 month
3 year = 12×3=36
3year interest = 6000×36= 216000
Answered by
1
Given - Principal, rate and time
Find - Simple interest
Solution - The interest as per the given information is ₹ 18000.
The simple interest can be calculated by the formula - Simple Interest = Principal*Rate of interest*Time/100.
Keep the values in the formula to find the value of simple interest.
Simple interest = 40000*3*15/100
Simple interest = ₹ 18000
Thus, the simple interest as per the given information is ₹ 18000.
Similar questions