Question

The simple interest for P=Rs 1000,R=5% and T=3 years is

Rs 15
Rs 150
Rs 1500
Rs 15000
​

Answer 1

Answer :

[ Option b. 150 ] is the correct option.

Step-by-step explanation :

To Find,

• The simple Interest

Solution,

Given that,

• Principal = Rs. 1000
• Rate = 5%
• Time = 3years

As we know that,

SIMPLE INTEREST = { P × R × T } / 100

Where,

• P = Principal
• R = Rate
• T = Time

The Simple interest is,

➠ { 1000 × 5 × 3 } / 100 .... cancelling two zeros from both numerator and denominator

➠ 10 × 5 × 3

➠ 50 × 3

➠ 150

The Simple interest is Rs. 150.

More Information

• Rate = { S.I. × 100 } / { P × T }

• Principal = { S.I. × 100 } / { R × T }

• Time = { S.I. × 100 } / { P × R }

• Amount = Principal - Simple interest