Find the simple interest (in ₹) on ₹2500 as a sum borrowed at 6% per year rate of interest for 5 years.
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e 750.
Simple Interest = (P × R × T) ÷ 100
⇒ (2500 × 6 × 5) ÷ 100
⇒ 75000 ÷ 100 = 750