Question

Find the interest on the principal Rs.15000 when amount is Rs.18000.​

Answer 1

Step-by-step explanation:

Principal = Rs. 15000

Amount = Rs. 18000

Time taken = 4 years

Formula used:

Simple interest = Principal × rate/100 × time

Also, Simple interest = Amount – Principal

Calculation:

Simple Interest = 18000 – 15000 = 3000