Question

the SI on rupees 1500 at 5 percent p.a. for 2 years is _______.

a) rupees 1500
b) rupees 500
c) rupees 1000
d) rupees 750​

Answer 1

Answer:

Simple interest = ₹150

Step-by-step explanation:

Given :

Principal = ₹1500

Rate = 5%

Time = 2 years

To find :

The simple interest

Taken :

To find the simple interest use this formula -:

$\boxed{\sf{S.I.=\dfrac{P\times\:R\times\:T}{100}}}$

Where,

S.I. = Simple interest

P = Principal

R = Rate

T = Time

Solution :

$:\implies\sf{S.I.=\dfrac{1500\times5\%\times2}{100}}$

$:\implies\sf{S.I.=15\times5\times2}$

$:\implies\sf{S.I.=75\times2}$

$:\implies\sf{S.I.=Rs.150}$

So , the simple interest is ₹150 .