Find the simple interest (in ₹) on ₹3500 as a sum borrowed at 7% per year rate of interest for 3 years.
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e 735.
SI = (P × R × T)/100
SI = (3500 × 7 × 3)/100 = 73500/100 = 735