Multiple choice

Sohan deposited Rs. $10000$ for $10$ year at a rate of $6$% p.a. Find the interest that he got.

  1. $5,000$
  2. $6,000$
  3. $7,000$
  4. $8,000$
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Simple Interest = (Principal * Rate * Time) / 100. Interest = (10000 * 6 * 10) / 100 = 6000.

AI explanation

Using the simple interest formula I = (P * R * T) / 100, we substitute Sohan's values to find the earned interest. The calculation is I = (10000 * 6 * 10) / 100, which simplifies to 600000 / 100. This gives the total interest earned as Rs. 6,000 after 10 years.

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