Find the simple interest (in ₹) on ₹3500 as a sum borrowed at 4% per year rate of interest for 4 years.
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e 560.
SI = (P × R × T) ÷ 100 = (3500 × 4 × 4) ÷ 100 = 56000 ÷ 100 = ₹560