Question

Find the simple interest on rupees 5000 at 10% of intrest per annum for 3 years​

Answer 1

Answer:

SI=5000×3×10/100=1500

hope it helps you

Answer 2

Given,

Rupees 5000 at 10% of interest per annum for 3 years​

To Find,

The simple interest =?

Solution,

We can solve the question as follows:

It is given that we have to find the simple interest on rupees 5000 at 10% of interest per annum for 3 years​.

$Principal\: amount= Rs.\: 5000$

$Time = 3\: years$

$Rate = 10$%

The formula for simple interest is given as:

$Simple interest = \frac{PRT}{100}$

Where,

$P = Principal\: amount$

$R = Rate\: of\: interest$

$T = Time$

To find the simple interest, we will substitute the given values in the above formula,

$S.I. = \frac{5000*10*3}{100}$

      $=50*10*3$

      $= Rs.\: 1500$

Hence, the simple interest is equal to Rs. 1500.