how much interest is earned in 3 months on 3000 invested at an interest rate of 3 %
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p=3000
r=3℅
t=3mnths=1/4yrs
=> SI=(p*r*t)/100
=> SI=(3000*3*1)/(100*4)
=> SI=9000/400
=> SI=22.5
r=3℅
t=3mnths=1/4yrs
=> SI=(p*r*t)/100
=> SI=(3000*3*1)/(100*4)
=> SI=9000/400
=> SI=22.5
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