find the interest that a person has to pay of he borrows rs 30,000 from a bank for a period of five years at a rate of 10% per annum
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Answered by
11
P=30,000
T=5years
R=10%
S.I.=p×t×r/100
=30,000×5×10/100
=15000
T=5years
R=10%
S.I.=p×t×r/100
=30,000×5×10/100
=15000
Answered by
1
Answer:
₹15000
Step-by-step explanation:
Principal - ₹30,000
Rate of interest - 10%
Time - 1 year
Simple interest = P × R × T /100
So, 30,000 × 10 × 1 /100
= 3,00,000/100
= 3000 ( UNITARY METHOD )
3000 × 5
15,000
INTEREST HE GETS FOR 5 YEARS IS 15,000
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