Question

shilpa takes a loan of $ 3,00,000 at the rate of 15 % for 1 year. calculate the simple intrest

The answer is 45, 000 please give steps ​

Answer 1

Answer:

$ 45,000

Step-by-step explanation:

I = PNR / 100

Here

P = $ 3,00,000

N = 1 year

R = 15%

I = 3,00,000 x 1 x 15 / 100

 = 3,000 x 15

 = 45,000