What will be the simple interest on Rs. 1450 at 9% per annum for 3 years?
Show answer & explanation
Correct answer: C
Explanation
Given:
Principal (P) = ₹1450
Rate (R) = 9% per annum
Time (T) = 3 years
By the formula:
SI = (P × R × T) / 100
SI = (1450 × 9 × 3) / 100
SI = (1450 × 27) / 100
SI = ₹39150 / 100
SI = ₹391.5