A sum of Rupees 4000 is …
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Posted by Paras Goyal 2 years, 8 months ago
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Preeti Dabral 2 years, 8 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 = {tex}\frac{P R T}{100}{/tex}
To find the simple interest, we will substitute the given values in the above formula,
{tex}\begin{aligned} \text { S.I. } & =\frac{4000 * 15 * 5}{100} \\ & =40 * 15 * 5 \\ & =R s .3000 \end{aligned}{/tex}
Hence, the simple interest is equal to Rs. 3000.
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