3 years ago

What is the interest on Rr 20,000 if the interest rate is 15%?

Mathematics

1 answer:

Basile [38]3 years ago

3 0

Answer: Rr.3,000

Step-by-step explanation:

The interest is the amount that accrues on a principal that was invested or a cost that was incurred.

It is based on a certain interest rate which in this case is 15%.

The principal is Rr. 20,000.

Interest = Principal * Interest rate

= 20,000 * 15%

= Rr.3,000

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