Multiple choice

Find the simple interest on Rs 600 for 3 years at 5% per annum. Also find the amount

  1. Rs 680

  2. Rs 685

  3. Rs 690

  4. Rs 695
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Simple Interest = (P * R * T) / 100 = (600 * 5 * 3) / 100 = 90. Amount = Principal + Interest = 600 + 90 = 690.

AI explanation

Using the simple interest formula SI = (P * R * T) / 100, we calculate the interest as (600 * 5 * 3) / 100 = Rs 90. The amount is found by adding the principal and the simple interest: Amount = 600 + 90 = Rs 690. The amount is Rs 690.

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