Find the simple interest (in ₹) on ₹2500 as a sum borrowed at 5% per year rate of interest for 3 years.
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. 375.
SI = (P × R × T) / 100
= (2500 × 5 × 3) / 100
= 375