Question

Find the simple interest for
Rs 1000 for 3 years at the rate
of 5%​

Answer 1

GIVEN:

PRINCIPLE (P) = Rs. 1000

TIME (T) = 3 YEARS

RATE (R) = 5%

AS WE KNOW, SIMPLE INTEREST = PRT/100

SO 1000 X 3 X 5 / 100

    = 10 X 3 X 5

    = Rs. 150

THEREFORE ,  Rs.150 IS OUR SIMPLE INTEREST