Multiple choice

What would be the simple interest accured in 6 year on a principle of Rs. 18560 at the rate of 15% per annum?

  1. Rs. 16704

  2. Rs. 14802

  3. Rs. 15640

  4. Rs. 16004
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Simple Interest = Principal × Rate × Time / 100. SI = 18560 × 15 × 6 / 100 = 18560 × 90 / 100 = 16704. So Rs. 16704 interest over 6 years.

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