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      Question

      Find the simple interest (in ₹) on ₹3500 as a sum

      borrowed at 7% per year rate of interest for 6 years.
      A 1410 Correct Answer Incorrect Answer
      B 1470 Correct Answer Incorrect Answer
      C 1510 Correct Answer Incorrect Answer
      D 1430 Correct Answer Incorrect Answer

      Solution

      Given: Principal = ₹3500 Rate = 7% per year Time = 6 years Formula: Simple Interest = (P × R × T) ÷ 100 = (3500 × 7 × 6) ÷ 100 = 147000 ÷ 100 = ₹1470

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