Find the simple interest (in ₹) on ₹3000 as a sum borrowed at 6% per year rate of interest for 4 years.
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e 720.
SI = (P × R × T)/100
SI = (3000 × 6 × 4)/100 = 72000/100 = ₹720