Multiple choice

The simple interest of $3$ years at $9 \%$p.a. of $Rs. \,5000$ is $Rs. \,1350$.

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Simple Interest = (P * R * T) / 100 = (5000 * 9 * 3) / 100 = 50 * 27 = 1350.

AI explanation

Using the simple interest formula, Simple Interest = (Principal * Rate * Time) / 100. Substituting the given values, we get (5000 * 9 * 3) / 100 = 1350. Since the calculated simple interest matches the stated value, the statement is True.

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