Question

Find the simple interest (in ₹) on ₹2500 as a sum borrowed at 9% per year rate of interest for 6 years.

• A. 1390
• B. 1310
• C. 1350
• D. 1290

Answer 1

Answer:

C. 1350

Use the simple interest formula:

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

Here,
(P = 2500), (R = 9%), (T = 6) years

$\text{SI} = \frac{2500 \times 9 \times 6}{100}$
$= \frac{135000}{100}$
= 1350

Final Answer:

Simple Interest = ₹1,350