Multiple choice

Find the simple interest on Rs. 400 at 6% per annum for 3 years

  1. Rs 71.5

  2. Rs 61.5

  3. Rs 72

  4. Rs 70
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

SI = P*R*T/100 = 400 * 6 * 3 / 100 = 4 * 18 = 72.

AI explanation

Using the Simple Interest formula, we calculate the interest as (Principal multiplied by Rate multiplied by Time) divided by 100. Substituting the given values gives (400 multiplied by 6 multiplied by 3) divided by 100, which simplifies to 7200 divided by 100. Therefore, the simple interest earned is Rs. 72.

Keep practicing — related questions