Multiple choice

What is $4$ years simple interest on Rs. $1500$ at $8$% pa?

  1. Rs. $560$
  2. Rs. $480$
  3. Rs. $490$
  4. Rs. $544$
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Simple Interest = (P * R * T) / 100 = (1500 * 8 * 4) / 100 = 15 * 32 = 480.

AI explanation

Using the Simple Interest formula, the interest is 1500 times 8 times 4 divided by 100. This calculation results in Rs. 480.

Keep practicing — related questions