Find the simple interest on Rs. 3750 for 5 years at 7% per annum.
- A. Rs. 1457
- B. Rs. 1312 ✓
- C. Rs. 1122
- D. Rs. 1057
Correct answer
B. Rs. 1312
Explanation
SI = (P x R x T)/100 = (3750 x 7 x 5)/100 = Rs. 1312.
B. Rs. 1312
SI = (P x R x T)/100 = (3750 x 7 x 5)/100 = Rs. 1312.