Question

find the simplest intrest on a sum of 7500 for 5 years at the rate of 4 percent per annum​

Answer 1

1500Rs.

Step-by-step explanation:

Given :

• Principal Amount ( P ) = 7500

• Time period ( T ) = 5 years

• Rate of Interest ( R ) = 4 %

using formula:

SI = P×R×T/100

= 7500 × 4 × 5 /100

= 75 × 4 × 5

= 1500 rs.

Therefore, Amount for 5 years with rate of interest of 4% is 1500Rs.