The interest on $₹ 30000$ for $3 y e a r s$ at the rate of $15 %$ per annum is

$₹ 4500$

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$₹ 9000$

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$₹ 18000$

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$₹ 13500$

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Solution

The correct option is D
$₹ 13500$

we know the formula of SI
$S i m p l e i n t e r e s t (S I) = (P \times R \times T) / 100 S I = (30000 \times 15 \times 3) / 100 S I = ₹ 13500$
Hence, simple interest $= ₹ 13500$

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Similar questions

Question 14

The interest on Rs. 30000 for 3 yr at the rate of 15 % per annum is
(a) Rs. 4500
(b) Rs. 9000
(c) Rs. 18000
(d) Rs. 13500

The compound interest on₹30000 at $8 %$ per annum is ₹4992. The period (in years) is_____.

2, 000

5

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