Question

Find the simple interest (in ₹) on ₹2000 as a sum borrowed at 9% per year rate of interest for 2 years.

• A. 400
• B. 360
• C. 320
• D. 300

Answer 1

Answer:

B. 360

Use the simple interest formula:
$SI = \frac{P \times R \times T}{100}$

Here:

• (P = 2000)

• (R = 9%)

• (T = 2) years

  Substitute

$SI = \frac{2000 \times 9 \times 2}{100}$
$= \frac{36000}{100} = 360$

Final Answer: ₹360