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

    Question

    Find the simple interest on Rs 3,000 at 6% per annum for

    4 years. Also find the amount.
    A SI = Rs 720, Amount = Rs 3,720 Correct Answer Incorrect Answer
    B SI = Rs 520, Amount = Rs 3,255 Correct Answer Incorrect Answer
    C SI = Rs 720, Amount = Rs 3,020 Correct Answer Incorrect Answer
    D SI = Rs 420, Amount = Rs 3,720 Correct Answer Incorrect Answer

    Solution

    SI = (P × R × T)/100 = (3000 × 6 × 4)/100 = 3000 × 24 / 100 = 720 Amount = Principal + Interest = 3,000 + 720 = Rs 3,720 Answer: SI = Rs 720, Amount = Rs 3,720

    Practice Next
    More Simple and compound interest Questions

    Relevant for Exams:

    ask-question