Q14 of 140 Page 196

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

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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