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      Question

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

      borrowed at 3% per year rate of interest for 4 years.
      A 400 Correct Answer Incorrect Answer
      B 320 Correct Answer Incorrect Answer
      C 360 Correct Answer Incorrect Answer
      D 300 Correct Answer Incorrect Answer

      Solution

      ATQ, Formula: SI = (P × R × T) / 100 P = 3000, R = 3%, T = 4 years SI = (3000 × 3 × 4) / 100 = ₹360

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