Find the simple interest on Rs. 5350 for 2 years at 2% per annum.
- A. Rs. 172
- B. Rs. 233
- C. Rs. 214 ✓
- D. Rs. 168
Correct answer
C. Rs. 214
Explanation
SI = (P x R x T)/100 = (5350 x 2 x 2)/100 = Rs. 214.
C. Rs. 214
SI = (P x R x T)/100 = (5350 x 2 x 2)/100 = Rs. 214.