What is the simple interest on rupees 5000 at 3% rate?
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S.I.= Principal × rate of interest per annum × time in years
=₹5000×3%×1 year (not specified in question, so I'm just assuming)
=₹5000×3/100 = ₹150 (ans)
=₹5000×3%×1 year (not specified in question, so I'm just assuming)
=₹5000×3/100 = ₹150 (ans)
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Interest = 5000*3/100=150
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