Find the simple interest (in ₹) on ₹3000 as a sum borrowed at 5% per year rate of interest for 5 years.
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e 750.
Simple Interest = (3000 × 5 × 5) ÷ 100 = 75000 ÷ 100 = ₹750