Question

Hema borrowed ₹ 4000 at the rate of 15 % per annum from Banu. Find the simple interest which Hema needs to pay to Banu after 5 years?

Answer 1

Step-by-step explanation:

P=Rs4000

Rate(R)=15%

Time(T)=5years

Here,

SI=PTR/100

= 4000×15×5÷100

= Rs3000