Find the simple interest on Rs. 14600 for 3 years at 7% per annum.
- A. Rs. 2394
- B. Rs. 3234
- C. Rs. 2578
- D. Rs. 3066 ✓
Correct answer
D. Rs. 3066
Explanation
SI = (P x R x T)/100 = (14600 x 7 x 3)/100 = Rs. 3066.
D. Rs. 3066
SI = (P x R x T)/100 = (14600 x 7 x 3)/100 = Rs. 3066.