Multiple choice

What will be the simple interest accured on a sum of Rs. 8660 at a rate of 5 p.c.p.a. in 6 years?

  1. 2596

  2. 2588

  3. 2498

  4. 2590

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

SI = (P × R × T)/100 = (8660 × 5 × 6)/100 = 8660 × 30/100 = 866 × 3 = 2,598. Options: 2596, 2588, 2498, 2590. None match 2,598. The correct answer is 2,598, so E (None of these) is correct.

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