Multiple choice

Find the interest for the principal Rs. $4110$ at the rate of $6\%$ for $2$ years.

  1. $343.50$
  2. $493.20$
  3. $460.19$
  4. $531.12$
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B Correct answer
Explanation

Simple interest = (P * R * T) / 100 = (4110 * 6 * 2) / 100 = 4110 * 0.12 = 493.20.

AI explanation

Using the simple interest formula of principal multiplied by rate multiplied by time divided by 100, the calculation is Rs. 4110 multiplied by 6 multiplied by 2, which equals 49320. Dividing 49320 by 100 gives the interest of Rs. 493.20. The result is 493.20.

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