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      Question

      Find the simple interest and the amount on Rs 4,000 at

      9% per annum for 2 years.
      A SI = Rs 700, Amount = Rs 4,020 Correct Answer Incorrect Answer
      B SI = Rs 720, Amount = Rs 4,720 Correct Answer Incorrect Answer
      C SI = Rs 520, Amount = Rs 2,720 Correct Answer Incorrect Answer
      D SI = Rs 790, Amount = Rs 1,720 Correct Answer Incorrect Answer

      Solution

      Simple Interest (SI) = (P × R × T) / 100 = (4000 × 9 × 2) / 100 = 4000 × 18 / 100 = 720 Amount = Principal + Interest = 4000 + 720 = Rs 4,720 Answer: SI = Rs 720, Amount = Rs 4,720.

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