what is the interest of one lakh rupees in 3 years at the rate of interest 7.5%?
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Answer:
Sorry I don't know the answer because I haven't learnt it .
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Step-by-step explanation:
Principal = ₹1,00,000
Rate = 7.5%
Time = 3 years
Simple Interest = ?
S.I. = (P×R×T)/100
= ₹(1,00,000×7.5×3) / 100
= ₹(1,00,000×75×3) / (100×10)
= ₹(1,00,000×75×3) / 1000
= ₹(2,25,00,000 / 1000)
= ₹22,500
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