Find the simple interest on Rs. 7500 for 5 years at 11% per annum.
- A. Rs. 3256
- B. Rs. 4125 ✓
- C. Rs. 4719
- D. Rs. 4644
Correct answer
B. Rs. 4125
Explanation
SI = (P x R x T)/100 = (7500 x 11 x 5)/100 = Rs. 4125.
B. Rs. 4125
SI = (P x R x T)/100 = (7500 x 11 x 5)/100 = Rs. 4125.