Q. 145.0( 4 Votes )

# The interest on Rs 30000 for 3 years at the rate of 15% per annum is

A. Rs 4500

B. Rs 9000

C. Rs 18000

D. Rs 13500

Answer :

Given, principal = 30000

Time = 3 years and Rate = 15%

Need to find out the interest

⇒ We know that Interest =

=

= 13500

⇒ Option A is incorrect as 4500 ≠ 13500

⇒ Option B is incorrect as 9000 ≠ 13500

⇒ Option C is incorrect as 18000 ≠ 13500

⇒ Option D is correct as 13500 = 13500

Hence, option D is the correct one.

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