Find the simple interest on Rs. 16500 for 6 years at 4% per annum.
- A. Rs. 4334
- B. Rs. 3486
- C. Rs. 3960 ✓
- D. Rs. 4249
Correct answer
C. Rs. 3960
Explanation
SI = (P x R x T)/100 = (16500 x 4 x 6)/100 = Rs. 3960.
C. Rs. 3960
SI = (P x R x T)/100 = (16500 x 4 x 6)/100 = Rs. 3960.