Find the simple interest on Rs. 16250 for 1 years at 2% per annum.
- A. Rs. 325 ✓
- B. Rs. 386
- C. Rs. 376
- D. Rs. 404
Correct answer
A. Rs. 325
Explanation
SI = (P x R x T)/100 = (16250 x 2 x 1)/100 = Rs. 325.
A. Rs. 325
SI = (P x R x T)/100 = (16250 x 2 x 1)/100 = Rs. 325.