Question

Calculate simple interest if p =rs 15000,n=4 years and r=5%​

Answer 1

$3,000.00

Explanation:

I = prt

I = 15000(.05)(4)

I = 3,000

Helping in the name of Jesus.

Answer 2

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: