Question

The Simple Interest on a sum of ₹ 30000 for 3 years at the interest rate 15% is *

Answer 1

Answer
Given, Principal=Rs.30000,
Time=3years
Rate=15%p.a.
Interest=
100
P×R×T
​

T= Time period
R%= Rate of interest
P= Principal
=30000×
100
15
​
×3
⇒Rs.13500