Question

Hema borrowed ₹ 4000 at the rate of 15 % per annum from Banu. Find the simple interest which Hema needs to pay to Banu after 5 years?​

Answer 1

Answer:

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Answer 2

Answer:

Rs 3000

Step-by-step explanation:

Principle = Rs 4000

Rate = 15%

Time = 5 years

FORMULA:

I = PTR/100

I = 4000×5×15/100

I = 3000

So, Hema needs to pay Rs 3000 after 5 years as Simple interest

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