Question

find the simple intrest for rs 1000 for 3 years at the rate of 5%​

Answer 1

Answer:

The simple interest of a loan for Rs. 1,000 with 5 % interest after 3 years is Rs. 150. Let us calculate the simple interest on a loan.

Answer 2

Given:-

Principal - ₹ 1000

Time - 3 years

Rate of Interest - 5%

To Find:-

Simple Interest

Formula Using:-

$S.I = \frac{PTR}{100}$

Explanation:-

Substituting the values of P , T , R in the formula

⇒ S.I = $\frac{1000*3*5}{100}$

⇒ S.I = 10 × 3 × 5

⇒ S.I = 30 × 5

⇒ S.I = 150

∴ Simple Interest = ₹150

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By Abhiram5566

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