Question

Q5. Calculate the interest for AED. 30,000 for 3years at the rate of 15% per annum.​

Answer 1

Answer:

Rs. 13500

Step-by-step explanation:

Given, Principal=Rs.30000,

Time=3years

Rate=15%p.a.

Interest=

100

P×R×T

T= Time period

R%= Rate of interest

P= Principal

=30000×

100

15

×3

⇒Rs.13500

Answer 2

Given:

Principal=Rs.30000,

Time=3years

Rate=15%p.a.

To Find:

Interest = ?

Solution:

Interest=$\frac{P*R*T}{100}$  

where,

T= Time period

R= Rate of interest

P= Principal

∴ Interest = $\frac{30000*15*3}{100}$

                  =$\frac{1350000}{100}$

                ⇒Rs. 13,500