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

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