Multiple choice

How much is the simple interest on Rs. 600 for 2 years at the rate of 8 p.c.p.a. ?

  1. Rs. 48

  2. Rs. 60

  3. Rs. 72

  4. Rs. 96
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Simple Interest = (Principal * Rate * Time) / 100. SI = (600 * 8 * 2) / 100 = 6 * 16 = 96.

AI explanation

Apply the Simple Interest formula of (Principal x Rate x Time) divided by 100. The interest is calculated as (600 x 8 x 2) divided by 100, which equals 9600 divided by 100, resulting in Rs. 96.

Keep practicing — related questions