Find the simple interest (in ₹) on ₹2500 as a sum borrowed at 7% per year rate of interest for 5 years.
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e 875.
SI = (P × R × T)/100 = (2500 × 7 × 5)/100 = 87500/100 = ₹875