What is the simple interest on Rs. 1500 at a rate of 10% per annum for 7 years? Ops: A. Rs. 900 B. Rs. 750 C. Rs. 1050 D. Rs. 1080
Question
Solution 1
The formula for calculating simple interest is I = PRT/100, where:
I = Interest P = Principal amount (the initial amount of money) R = Rate of interest T = Time (in years)
In this case, P = Rs. 1500, R = 10% and T = 7 years.
Substituting these values into the formula, we get:
I = (1500 * 10 * 7) Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI
Similar Questions
Select the correct answerFind the simple interest on Rs. 800 at 7% per annum and on Rs. 700 at 16% p.a. and on Rs. 500 at 4% p.a. for 2 years.
What is the simple interest on Rs. 90000 for 5 years at 8% per annum rate of interest?Question 6Answera.Rs. 32000b.Rs. 46000c.Rs. 30000d.Rs. 36000
A sum of Rs. 2000 is lent out at 10% per annum simple interest. What is the difference between the interest earned in the 6th year and the 7th year?
The simple interest on $15 000 for 9 years is $6 750. Calculate the rate percent per annum.
A sum invested on simple interest grows to Rs 22500/- and Rs 25500/- is seven and nine years respectively. What is the rate percentage of the interest ?
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.