Question
Download Solution PDFFind the simple interest on Rs. 5400 at 4% per annum for 15 years. (In Rs.)
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Principal = Rs. 5400
Rate of interest = 4%
Time = 15 years
Formula used:
SI = PRT / 100
Calculation:
S.I. = (5400 × 4 × 15) / 100
⇒ 54 × 4 × 15
⇒ 3240
∴ So, Simple interest will be Rs. 3240
Last updated on Jun 12, 2025
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