Question

RS.3000 principal and a 5% annual interest rate for 1 year​

Answer 1

$\frac{3000 \times 5 \times 1}{100} = 150$

Annual interest will be Rs. 150 ✔

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Fóllòw Më ❤

Answer 2

Given:-

Principal =RS.3000

at the rate of 5%.....

time=1 years....

A= [(1+ r/100)^n -p]

=3000[(1+5/100)^1 -3000]

=3000[(105/100)-3000]

=3000 x 1.05 - 3000

=3150-3000

=150