Find the simple interest (in ₹) on ₹2000 as a sum borrowed at 9% per year rate of interest for 5 years.
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. 900.
Simple interest = (principal × rate × time) / 100
= (2000 × 9 × 5) / 100
= ₹900