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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