Multiple choice

A sum of ₹ 13360 was invested at SI of 10% per annum. What will the total interest after 5yrs?

  1. ₹ 6680

  2. ₹ 1336

  3. ₹ 6600

  4. ₹ 2300
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A Correct answer
Explanation

Simple Interest = (Principal * Rate * Time) / 100. SI = (13360 * 10 * 5) / 100 = 1336 * 5 = 6680.

AI explanation

Using the simple interest formula, the interest is calculated as Principal multiplied by Rate multiplied by Time divided by 100. Substituting the given values gives 13360 multiplied by 10 multiplied by 5 divided by 100. The product of 13360 and 50 is 668000, and dividing by 100 gives the total interest of Rs 6680.

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