Question

Find the simple interest on Rs. 15,000 invested at the rate of 8 p.c.p.a for 3 years.​

Answer 1

Answer:

3,600

Step-by-step explanation:

S.I=Rs.15000×8×3/100=3,600

Answer 2

Given :-

Principal = ₹15,000

Rate = 8%

Time = 3 years

Simple Interest = ?

Simple Interest = P × R × T/100

= 15000 × 8 × 3/100

=₹3600

Therefore, the simple interest is Rs.3600