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    1. Home
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    3. Quantitative Aptitude
    4. Simple and compound interest
    5. What is the simple interest on a sum of Rs. 10,000 at a rate of 5% per annum for 3 years.

    Question

    What is the simple interest on a sum of Rs. 10,000 at a

    rate of 5% per annum for 3 years.
    A Rs.2000 Correct Answer Incorrect Answer
    B Rs.1500 Correct Answer Incorrect Answer
    C Rs.1000 Correct Answer Incorrect Answer
    D Rs. 500 Correct Answer Incorrect Answer

    Solution

    Simple interest =PRT/100 =10000×5×3/100 =1500.

    Practice Next
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