Find the simple interest (in ₹) on ₹2500 as a sum borrowed at 6% per year rate of interest for 4 years.
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e 600.
SI = (Principal × Rate × Time) / 100
SI = (2500 × 6 × 4) / 100
SI = 60000 / 100
SI = ₹600