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A day full of math games & activities. Find one near you.
A day full of math games & activities. Find one near you.
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.
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