Find the simple interest (in ₹) on ₹3000
Find the simple interest (in ₹) on ₹3000 as a sum borrowed at 7% per year rate of interest for 5 years.
5 वर्षो के लिए 7% वार्षिक की ब्याज दर पर उधार ली गई राशि ₹3000 पर साधारण ब्याज (₹ में) ज्ञात कीजिए।
Detailed Solution & Logic
Correct Answer:
1050
P = 3000, r = 7%, t = 5 years
Simple Interest = $ \dfrac{P \times r \times t}{100} $
$ = \dfrac{3000 \times 7 \times 5}{100} $
= 1050
Simple Interest = ₹1050
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