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A sum of Rs. 4000 is lent for 5 years at the rate of 15 % simple interest per annum. Find the interest
- a)Rs. 3000
- b)Rs. 4000
- c)Rs. 5000
- d)Rs. 6000
Correct answer is option 'A'. Can you explain this answer?
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Verified Answer
A sum of Rs. 4000 is lent for 5 years at the rate of 15 % simple inter...
P = Rs.4000,R = 15
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A sum of Rs. 4000 is lent for 5 years at the rate of 15 % simple inter...
Calculation of Simple Interest
Given,
Principal (P) = Rs. 4000
Rate of Interest (R) = 15%
Time (T) = 5 years
Formula to calculate Simple Interest is:
Simple Interest (SI) = (P x R x T)/100
Substituting the given values in the formula, we get:
SI = (4000 x 15 x 5)/100
SI = 3000
Hence, the interest is Rs. 3000.
Explanation
The question asks us to find the interest on a sum of Rs. 4000 lent for 5 years at the rate of 15% simple interest per annum. To solve this problem, we need to use the formula for simple interest, which is SI = (P x R x T)/100.
Here, P = Rs. 4000, R = 15% and T = 5 years. Substituting these values in the formula, we get:
SI = (4000 x 15 x 5)/100
SI = 3000
Therefore, the interest on the sum of Rs. 4000 is Rs. 3000.
Given,
Principal (P) = Rs. 4000
Rate of Interest (R) = 15%
Time (T) = 5 years
Formula to calculate Simple Interest is:
Simple Interest (SI) = (P x R x T)/100
Substituting the given values in the formula, we get:
SI = (4000 x 15 x 5)/100
SI = 3000
Hence, the interest is Rs. 3000.
Explanation
The question asks us to find the interest on a sum of Rs. 4000 lent for 5 years at the rate of 15% simple interest per annum. To solve this problem, we need to use the formula for simple interest, which is SI = (P x R x T)/100.
Here, P = Rs. 4000, R = 15% and T = 5 years. Substituting these values in the formula, we get:
SI = (4000 x 15 x 5)/100
SI = 3000
Therefore, the interest on the sum of Rs. 4000 is Rs. 3000.
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A sum of Rs. 4000 is lent for 5 years at the rate of 15 % simple interest per annum. Find the interest a)Rs. 3000b)Rs. 4000c)Rs. 5000d)Rs. 6000Correct answer is option 'A'. Can you explain this answer?
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