Multiple choice

Find the Simple interest on Rs. $10,000$ for $2$ years, at $10\%$ per annum.

  1. $100$
  2. $2000$
  3. $300$
  4. $400$
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Simple Interest = (P * R * T) / 100 = (10000 * 10 * 2) / 100 = 2000.

AI explanation

Applying the simple interest formula of (Principal times Rate times Time) divided by 100, we get (10000 times 10 times 2) divided by 100. Multiplying these values yields 200000 divided by 100, which equals Rs. 2000.

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