Find the simple interest on Rs. 4600 for 1 years at 5% per annum.
- A. Rs. 174
- B. Rs. 253
- C. Rs. 256
- D. Rs. 230 ✓
Correct answer
D. Rs. 230
Explanation
SI = (P x R x T)/100 = (4600 x 5 x 1)/100 = Rs. 230.
D. Rs. 230
SI = (P x R x T)/100 = (4600 x 5 x 1)/100 = Rs. 230.