Find the simple interest on Rs. 15900 for 4 years at 11% per annum.
- A. Rs. 5417
- B. Rs. 8084
- C. Rs. 6996 ✓
- D. Rs. 5552
Correct answer
C. Rs. 6996
Explanation
SI = (P x R x T)/100 = (15900 x 11 x 4)/100 = Rs. 6996.
C. Rs. 6996
SI = (P x R x T)/100 = (15900 x 11 x 4)/100 = Rs. 6996.