Find the simple interest on Rs. 3400 for 1 years at 7% per annum.
- A. Rs. 200
- B. Rs. 238 ✓
- C. Rs. 207
- D. Rs. 193
Correct answer
B. Rs. 238
Explanation
SI = (P x R x T)/100 = (3400 x 7 x 1)/100 = Rs. 238.
B. Rs. 238
SI = (P x R x T)/100 = (3400 x 7 x 1)/100 = Rs. 238.