find the simple interest payable on a loan of rs 15000at 8percent for annul 4years
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The Simple Interest on the loan of Rs. 15,000 at 8 per cent for annual 4 years is Rs.4,800.
Given:-
⇢ P = Rs. 15,000
⇢ R = 8%
⇢ T = 4 years
Where,
⇢ P = The Principal
⇢ R = Rate Of Interest
⇢ T = Time
To Find:-
⇢The SIMPLE INTEREST on the loan of Rs, 5000 at 8% for annual 4 years.
Formula Applied:-
Therefore, Simple Interest = Rs. 4,800.
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