Find the simple interest on Rs. 19500 for 4 years at 7% per annum.
- A. Rs. 5460 ✓
- B. Rs. 6412
- C. Rs. 6585
- D. Rs. 6547
Correct answer
A. Rs. 5460
Explanation
SI = (P x R x T)/100 = (19500 x 7 x 4)/100 = Rs. 5460.
A. Rs. 5460
SI = (P x R x T)/100 = (19500 x 7 x 4)/100 = Rs. 5460.