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A man invests Rs. 5000 at an interest rate of 5% per annum. How much interest will he earn in 3 years? (2020)

Practice Questions

1 question
Q1
A man invests Rs. 5000 at an interest rate of 5% per annum. How much interest will he earn in 3 years? (2020)
  1. 750
  2. 500
  3. 1500
  4. 1000

Questions & Step-by-step Solutions

1 item
Q
Q: A man invests Rs. 5000 at an interest rate of 5% per annum. How much interest will he earn in 3 years? (2020)
Solution: Simple Interest = Principal * Rate * Time = 5000 * 0.05 * 3 = 750.
Steps: 0

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