Fill in the blanks to make the statement true.Interest on ₹ 3000 at

1.	Fill in the blanks to make the statement true.Interest on ₹ 3000 at 10% per annum for a period of 3 years is ________.
Answer» Interest on ₹ 3000 at 10% per annum for a period of 3 years is ₹ 900. From the question it is given that, Principal= ₹ 3000 Time = 1 month = 3 Rate = 10% Then, we know the formula of Simple interest I = (P × R × T)/100 I= (3000 × (10) × 3))/100 I = ₹ 900

Fill in the blanks to make the statement true.Interest on ₹ 3000 at 10% per annum for a period of 3 years is ________.

Answer»

Interest on ₹ 3000 at 10% per annum for a period of 3 years is ₹ 900.

From the question it is given that,

Principal= ₹ 3000

Time = 1 month = 3

Rate = 10%

Then, we know the formula of Simple interest I = (P × R × T)/100

I= (3000 × (10) × 3))/100

I = ₹ 900