Find the simple interest on Rs. 7050 for 5 years at 6% per annum.
- A. Rs. 2115 ✓
- B. Rs. 2429
- C. Rs. 1723
- D. Rs. 2439
Correct answer
A. Rs. 2115
Explanation
SI = (P x R x T)/100 = (7050 x 6 x 5)/100 = Rs. 2115.
A. Rs. 2115
SI = (P x R x T)/100 = (7050 x 6 x 5)/100 = Rs. 2115.