A sum of 10,000 is borrowed at 15% per annum. The simple interest for …

Question

A sum of 10,000 is borrowed at 15% per annum. The simple interest for one year is:

Accepted Answer

A. 1500

1. On 100 rupees the yearly interest is 15.
2. Multiply 10,000 by 15 and divide by 100.
3. The interest is 1500.
_Source: syllabus Mathematics, Chapter 8, Comparing Quantities._

Answer

1200

Answer

1800

Answer

2100

A sum of 10,000 is borrowed at 15% per annum. The simple interest for one year is:

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