Multiple choice

Principal $= 2500$, rate $= 3$%, time $= 4$ years. Calculate the interest.

  1. $100$
  2. $200$
  3. $300$
  4. $400$
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Interest = (P * R * T) / 100 = (2500 * 3 * 4) / 100 = 25 * 12 = 300.

AI explanation

Using the simple interest formula, the interest equals the principal multiplied by the rate and the time, all divided by 100. Substituting the given values gives SI = (2500 * 3 * 4) / 100. The calculated interest is 300.

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