Find the simple interest (in ₹) on ₹3500 as a sum borrowed at 6% per year rate of interest for 4 years.
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e 840.
Simple Interest = (P × R × T) / 100
SI = (3500 × 6 × 4) / 100 = 840