Multiple choice

The interest on RS 30000 for 3 years at the rate of 15% per annum is

  1. RS 4500

  2. RS 9000

  3. RS 18000

  4. RS 13500
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

SI = (P*R*T)/100 = (30000 * 15 * 3) / 100 = 300 * 45 = 13500.

AI explanation

Using the simple interest formula SI = (P * R * T) / 100, we substitute the given values. The calculation is (30000 * 15 * 3) / 100. Multiplying the terms gives 1350000 / 100, which results in Rs. 13500.

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