Find the simple interest (in ₹) on ₹2000 as a sum borrowed at 7% per year rate of interest for 6 years.
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. 840.
SI = (P × R × T) / 100
= (2000 × 7 × 6) / 100
= 840