# 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.

**☛ Related Questions:**

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- Interest on ₹12000 for 1 month at the rate of 10 % per annum is (a) ₹1200, (b) ₹600, (c) ₹100, (d) ₹ . . . .
- Rajni and Mohini deposited ₹3000 and ₹4000 in a company at the rate of 10% per annum for 3 years and . . . .

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