Find the simple interest (in ₹) on ₹2000 as a sum borrowed at 6% per year rate of interest for 6 years.
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e 720.
SI = (Principal × Rate × Time) / 100
SI = (2000 × 6 × 6) / 100
SI = (72000) / 100
SI = ₹720