Find the simple interest for $3 y r s$ if the principle amount is $10, 000$ for $5 %$ as rate of interest

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Solution

Principle amount is $10, 000$
Rate of interest is $5 %$
Time period is $3 y r s$
Simple interest is given as $\frac{P R T}{100} \frac{10, 000 \times 5 \times 3}{100} 1500$

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Find the simple interest for 3yrs if the principle amount is 10,000 for 5% as rate of interest

Principle amount is 10,000Rate of interest is 5%Time period is 3yrsSimple interest is given as PRT10010,000×5×31001500

Find the simple interest for $3 y r s$ if the principle amount is $10, 000$ for $5 %$ as rate of interest

Principle amount is $10, 000$
Rate of interest is $5 %$
Time period is $3 y r s$
Simple interest is given as $\frac{P R T}{100} \frac{10, 000 \times 5 \times 3}{100} 1500$