📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!


    Question

    Find the simple interest (in ₹) on ₹3000 as a sum

    borrowed at 7% per year rate of interest for 5 years.
    A 1090 Correct Answer Incorrect Answer
    B 1010 Correct Answer Incorrect Answer
    C 990 Correct Answer Incorrect Answer
    D 1050 Correct Answer Incorrect Answer

    Solution

    'Given: Principal = ₹3000 Rate = 7% per year Time = 5 years Simple Interest = (P × R × T) ÷ 100 = (3000 × 7 × 5) ÷ 100 = 105000 ÷ 100 = ₹1050

    Practice Next
    ask-question