Find the simple interest on Rs. 11150 for 2 years at 11% per annum.
- A. Rs. 2044
- B. Rs. 2221
- C. Rs. 2453 ✓
- D. Rs. 2606
Correct answer
C. Rs. 2453
Explanation
SI = (P x R x T)/100 = (11150 x 11 x 2)/100 = Rs. 2453.
C. Rs. 2453
SI = (P x R x T)/100 = (11150 x 11 x 2)/100 = Rs. 2453.