Mr limbu borrowed rs 4500 from Mr Gupta at the rate of 18°/• per year simple interest how much interest did Mr Gupta get at the end of 3 years with solution plz help me
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Answer :-
- Mr Gupta got an interest of Rs 2430 at the end of 3 years.
Given :-
- Mr Limbu borrowed Rs 4500 from Mr Gupta at the rate of 18% per annum.
To find :-
- The interest Mr Gupta got at the end of 3 years.
Step-by-step explanation :-
- Here, the principal, rate and time have been given to us. We have to find the simple interest.
We know that :-
Here,
- Principal = Rs 4500.
- Rate = 18% per annum.
- Time = 3 years.
Substituting the given values in this formula,
Cutting off the zeroes,
Now let's multiply the remaining numbers since we can't reduce them anymore.
Multiplying the numbers,
- Hence, Mr Gupta will get an interest of Rs 2430 at the end of 3 years.
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Abbreviations used :-
SI = Simple Interest.
Answered by
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Step-by-step explanation:
SI = Principal * Rate * Time
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