Find the simple interest (in ₹) on ₹2000 as a sum borrowed at 6% per year rate of interest for 3 years.
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e 360.
Simple Interest = (P × R × T) ÷ 100
⇒ (2000 × 6 × 3) ÷ 100
⇒ (2000 × 18) ÷ 100 = 36000 ÷ 100 = 360