Find the simple interest (in ₹) on ₹3000 as a sum borrowed at 4% per year rate of interest for 6 years.
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e 720.
SI = (Principal × Rate × Time) / 100
SI = (3000 × 4 × 6) / 100 = ₹720