Question

Find the Simple Interest on Rs.5000 for 3 years at the rate of 10% per annum.
Pls give step by step
First correct will be marked brainlist

Answer 1

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Answer 2

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Find the Simple Interest on Rs.5000 for 3 years at the rate of 10% per annum.

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⇢ P = Rs. 5000

⇢ r = 10%

⇢ time (t) = 3 years

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⇢ Simple Interest

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We know,

⇢ interest = $\frac{(P × r × t)}{100}$

⇢ $\frac{(5000 × 10 × 3)}{100}$

⇢ $\frac{150000}{100}$

⇢ 1500

∴ the Simple Interest on Rs.5000 for 3 years at the rate of 10% per annum is        

Rs. 1500.