Challenger App

No.1 PSC Learning App

1M+ Downloads
Find the simple interest (in ₹) on ₹2500 as a sum borrowed at 9% per year rate of interest for 4 years.

A900

B860

C840

D940

Answer:

A. 900

Read Explanation:

Use the simple interest formula:

Simple Interest = (P × R × T) / 100

Here,
P = 2500, R = 9%, T = 4 years

SI = (2500 × 9 × 4) / 100
SI = 90000 / 100 = ₹900

Final Answer: ₹900


Related Questions:

Find the simple interest (in ₹) on ₹3000 as a sum borrowed at 9% per year rate of interest for 3 years.
Mahesh has ₹1617 with him. He divided it amongst his sons Vijay and Ajay and asked them to invest it at 10% rate of interest compounded annually. It was seen that Vijay and Ajay got same amount after 15 and 16 years respectively. How much (in ₹) did Mahesh give to Vijay?
Area of the base of a right circular cone is 308 cm² and its height is 7√2 cm. Find its curved surface area (in cm²). (Use ∏= 22/7)
Find the simple interest (in ₹) on ₹2000 as a sum borrowed at 7% per year rate of interest for 4 years.
When difference between compound and simple interest for three years is ₹228 at 4% interest per annum, the principal is ₹________