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

Solution:

Given, the sum is ₹30000

We have to find the interest at the rate of 15% per annum for 3 years.

Interest, I = P × R × T/100

According to the question,

P = ₹30000

R = 15%

T = 3 years

I = 30000 × 15 × 3/100

= 300 × 15 × 3

= 900 × 15

= ₹13500

Therefore, the interest is ₹13500

✦ Try This: The interest on ₹45000 for 2 years at the rate of 18% per annum is

☛ Also Check: NCERT Solutions for Class 7 Maths Chapter 8

NCERT Exemplar Class 7 Maths Chapter 7 Problem 14

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

Summary:

The interest on ₹30000 for 3 years at the rate of 15% per annum is ₹13500.

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