Question

Find the simple interest (in ₹) on ₹3000 as a sum borrowed at 9% per year rate of interest for 6 years.

• A. 1580
• B. 1660
• C. 1560
• D. 1620

Answer 1

Answer:

D. 1620

Use the simple interest formula:

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

Here:

• (P = 3000)

• (R = 9%)

• (T = 6) years

$SI = \frac{3000 \times 9 \times 6}{100} = \frac{162000}{100} = 1620$

Simple Interest = ₹1620