Question

Find the simple interest (in ₹) on ₹3500 as a sum borrowed at 7% per year rate of interest for 6 years.

• A. 1430
• B. 1470
• C. 1510
• D. 1410

Answer 1

Answer:

B. 1470

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

Substitute values:
$SI = \frac{3500 \times 7 \times 6}{100}$

$SI = \frac{147000}{100} = 1470$

Final Answer: ₹1470