Question

find the interest per annum Principal= rupees 5000 , Interest = rupees 1500 , time = 3 years​

Answer 1

Answer:

Given principal amount = Rs. 5000

Given time period = 3 years

Given simple interest = Rs. 1500

Rate of interest = ?

To find the rate of interest, we have to substitute the values.

⇒ Simple interest = $\frac{P * T * R}{100}$

⇒ 1500 = $\frac{5000 * 3 * R}{100}$

⇒ 1500 * 100 = 5000 * 3 * R

⇒ 150000 = 15000 * R

⇒ $\frac{150000 }{15000}$ = R

⇒ 10% = R

∴ Rate of interest p.a (per annum) is 10%

Thnx and have a nice day!

✌

Answer 2

Answer:

10%

Step-by-step explanation:

p=5000

R=?

T=3yrs

SI =1500

SI=P*R*T/100

R=SI *100/P×T

1500×100/5000×3

=50/5 =

10 %