Find the simple interest on Rs. 7150 for 1 years at 11% per annum.
- A. Rs. 606
- B. Rs. 786 ✓
- C. Rs. 916
- D. Rs. 837
Correct answer
B. Rs. 786
Explanation
SI = (P x R x T)/100 = (7150 x 11 x 1)/100 = Rs. 786.
B. Rs. 786
SI = (P x R x T)/100 = (7150 x 11 x 1)/100 = Rs. 786.