Find the simple interest on Rs. 5150 for 5 years at 6% per annum.
- A. Rs. 1545 ✓
- B. Rs. 1705
- C. Rs. 1928
- D. Rs. 1625
Correct answer
A. Rs. 1545
Explanation
SI = (P x R x T)/100 = (5150 x 6 x 5)/100 = Rs. 1545.
A. Rs. 1545
SI = (P x R x T)/100 = (5150 x 6 x 5)/100 = Rs. 1545.