Answer:
To calculate the simple interest for a principal amount (P) of Rs. 15,000, for a duration of 4 years, at an interest rate (r) of 5%, we can use the formula:
Simple Interest = (P * r * n) / 100
where:
P = Rs. 15,000 (Principal amount)
r = 5% (Rate of interest)
n = 4 years (Duration)
Plugging in the values, we get:
Simple Interest = (15,000 * 5 * 4) / 100
= 3,000
Therefore, the simple interest for a principal amount of Rs. 15,000, for a duration of 4 years, at an interest rate of 5%, is Rs. 3,000.
Explanation: