39.8k views
0 votes
What is the interest on Rr 20,000 if the interest rate is 15%?

User Rleir
by
3.2k points

1 Answer

8 votes

Answer: Rr.3,000

Explanation:

The interest is the amount that accrues on a principal that was invested or a cost that was incurred.

It is based on a certain interest rate which in this case is 15%.

The principal is Rr. 20,000.

Interest = Principal * Interest rate

= 20,000 * 15%

= Rr.3,000

User Vinil Chandran
by
3.9k points