Multiple choice

Find the simple interest for $5$ years at a rate of $6\%$ on $Rs2,500$.

  1. $250$
  2. $450$
  3. $750$
  4. $1050$
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Simple Interest = (Principal * Rate * Time) / 100 = (2500 * 6 * 5) / 100 = 25 * 30 = 750.

AI explanation

Using the simple interest formula of principal multiplied by rate multiplied by time divided by 100, the calculation is Rs. 2500 multiplied by 6 multiplied by 5, which equals 75000. Dividing 75000 by 100 gives the interest of Rs. 750. The result is 750.

Keep practicing — related questions