Multiple choice

What is the Simple Interest on ₹100 at a rate of 5% per annum for 1 year?a) ₹1b) ₹5c) ₹10d) ₹20e) ₹25

  1. E

  2. B

  3. D

  4. A

  5. C
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Simple interest is principal x rate x time. Thus, SI = 100 x 5/100 x 1 = Rs. 5, which corresponds to option b.

AI explanation

Using the simple interest formula, the interest is calculated as principal multiplied by rate multiplied by time divided by 100. Substituting the values gives 100 multiplied by 5 multiplied by 1 divided by 100, which equals 5. The simple interest is Rs. 5.

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