Find the simple interest on Rs. 7150 for 6 years at 4% per annum.
- A. Rs. 1716 ✓
- B. Rs. 1605
- C. Rs. 1468
- D. Rs. 1993
Correct answer
A. Rs. 1716
Explanation
SI = (P x R x T)/100 = (7150 x 4 x 6)/100 = Rs. 1716.
A. Rs. 1716
SI = (P x R x T)/100 = (7150 x 4 x 6)/100 = Rs. 1716.