Question

principal = Rs 3000, rate = 5% per annum and time = 2 years.​

Answer 1

Answer:

300

Step-by-step explanation:

S.I.=Principal.Time.Rate/100

3000.2.5/100

30.10

300

([.] means multiple)

Answer 2

Answer:

The simple interest is Rs 300

Step-by-step explanation:

Here we have to find out the interest rate which will be on the sum of Rs 3000 that is given at the rate of 5 percent per annum for a time of 2 years. As we know that we can calculate simple interest by  the following formula:

$SI = \frac{PRT}{100}$

$SI = \frac{3000(5)(2)}{100}$

$SI =Rs 300$

Therefore the simple interest on the principal of Rs 3000 is Rs 300