Question

find the simple interest on rupees 5000 at the rate of 7.5 % for a period of 3 years

Answer 1

here,p=5000,N=3 years, R=7.5 p.c.p.a.
SI=P×N×R/100
=5000×7.5×3/100
=375×3
=1125

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Answer 2

Given,

Principal Amount (P) = Rs. 5000

Rate (R) = 7.5% per annum

Time (T) = 3 years

To find,

The simple interest on the given principal amount and rate after 3 years.

Solution,

The simple interest on Rs. 5000 at the rate of 7.5 % for 3 years will be Rs. 1125.

We can easily solve the given problem by following the given steps.

Now, we know that the formula to find the simple interest is the principal amount (P) × Rate (R) × Time (T)/100.

Simple interest = P×R×T/100

According to the question,

Principal Amount (P) = Rs. 5000

Rate (R) = 7.5% per annum

Time (T) = 3 years

SI = 5000×7.5×3/100

SI = 50×7.5×3

SI = Rs. 1125

(Note that the total amount after 3 years will be the sum of the principal amount and the simple interest.)

Hence, the simple interest on Rs. 5000 at the rate of 7.5 % for 3 years is Rs. 1125