Multiple choice

What will be simple interest on an amount of Rs. 6351 at the rate of 5 p.c.p.a. after 7 years?

  1. Rs. 2208.55

  2. Rs. 2282.25

  3. Rs. 2525.85

  4. Rs. 2222.85

  5. None of these
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Simple Interest = Principal × Rate × Time / 100 = 6351 × 5 × 7 / 100 = 6351 × 35 / 100 = 222285 / 100 = Rs. 2222.85. Option D is correct. Option A (2208.55) is close but incorrect, Option B (2282.25) uses wrong calculation, and Option C (2525.85) is also miscalculated.

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