A lends a loan amount of ₹ 2,50,000 to B at the simple interest of 6% per annum for a year. What is the total amount (in ₹) of interest paid by B?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. 15,000
Simple Interest (SI) =( P × R × T )/100
= (2,50,000 × 6 × 1 )/100
= ₹15,000