12)Calculate the simple interest for a sum of ₹45000 at 4% rate
of interest p.a. for a period of 3 years.
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12)Calculate the simple interest for a sum of ₹45000 at 4% rate
of interest p.a. for a period of 3 years.
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S.I. = P × R × T upon 100
S.I. = 45000 × 4 × 3 / 100
S.I. = 450 × 12
S.I = 5400
Verified answer
Step-by-step explanation:
Principal = ₹45000
Rate = 4%
Time = 3 years
Hence,
SI = p*r*t/100
= 45000*4*3/100
= 540000/100
= ₹5400