Learn Ncert All Solutions

from a handpicked tutor in LIVE 1-to-1 classes

from a handpicked tutor in LIVE 1-to-1 classes

# The interest on ₹5000 at the rate of 15% per annum for one month is

(a) ₹750

(b) ₹75

(c) ₹625

(d) ₹62.50

**Solution:**

Given, the principal is ₹5000

The __rate of interest__ is 15% per annum

We have to find the interest for one month.

__Simple interest__ = P×R×T/100

= (5000 × 15 × 1)/100

= 50 × 15

= 750

Therefore, the interest is ₹750

**✦ Try This: **The interest on ₹7000 at the rate of 20% per annum for one month is

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

**NCERT Exemplar Class 7 Maths Chapter 7 Sample Problem 3**

## The interest on ₹5000 at the rate of 15% per annum for one month is (a) ₹750 (b) ₹75 (c) ₹625 (d) ₹62.50

**Summary:**

The interest on ₹5000 at the rate of 15% per annum for one month is ₹750.

**☛ Related Questions:**

Math worksheets and

visual curriculum

visual curriculum