Question

What would be the simple interest obtained on an amout of Rs. 8500 at the rate of 11% p.a for 7 years?

• A. Rs. 6,545
• B. Rs.7,140
• C. Rs. 6,842
• D. Rs. 7,437

Answer 1

Answer:

A. Rs. 6,545

(Principal x time x Rate) / 100 = (8500 x 7 x 11) / 100 = Rs. 6545