Question

Find the simple interest (in ₹) on ₹2500 as a sum borrowed at 6% per year rate of interest for 3 years.

• A. 410
• B. 450
• C. 390
• D. 490

Answer 1

Answer:

B. 450

Simple Interest formula:

$SI = \frac{P \times R \times T}{100}$

Where:

• (P = 2500)

• $(R = 6\%)$

• (T = 3) years

$SI = \frac{2500 \times 6 \times 3}{100}$

$SI = \frac{45000}{100} = 450$

Final Answer:

₹450