Multiple choice

What will be the simple interest on an amount of Rs. 5000 in 2 years at interest 5% per annum?

  1. 600

  2. 650

  3. 550

  4. 500

  5. 700
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Simple Interest = (P * R * T) / 100 = (5000 * 5 * 2) / 100 = 500.

AI explanation

Using the simple interest formula, the interest is calculated as (5000 * 5 * 2) / 100. Multiplying the values gives 50000 / 100, so the simple interest is Rs. 500.

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