Find the simple interest (in ₹) on ₹2500 as a sum borrowed at 9% per year rate of interest for 3 years.
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e 675.
Simple Interest = (2500 × 9 × 3) ÷ 100 = 67500 ÷ 100 = ₹675