Find the simple interest on Rs. 11150 for 4 years at 5% per annum.
- A. Rs. 2620
- B. Rs. 2056
- C. Rs. 2686
- D. Rs. 2230 ✓
Correct answer
D. Rs. 2230
Explanation
SI = (P x R x T)/100 = (11150 x 5 x 4)/100 = Rs. 2230.
D. Rs. 2230
SI = (P x R x T)/100 = (11150 x 5 x 4)/100 = Rs. 2230.