A sum of Rupees 4000 is …
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Preeti Dabral 2 years, 2 months ago
We can solve the question as follows:
It is given that a sum of Rs. 4000 is lent for 5 years at the rate of 15% per annum. We have to find the simple interest.
Principal amount = Rs. 4000
Time =5 years
Rate =15 \%
The formula for simple interest is given as:
simple interest = PRT100
To find the simple interest, we will substitute the given values in the above formula,
S.I. =4000∗15∗5100=40∗15∗5=Rs.3000
Hence, the simple interest is equal to Rs. 3000.
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