Find the simple interest (in ₹) on ₹2000 as a sum borrowed at 9% per year rate of interest for 3 years.
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e 540.
Simple Interest = (Principal × Rate × Time) ÷ 100 = (2000 × 9 × 3) ÷ 100 = 540