Multiple choice

Simple Interest on ₹5000 at 10% p.a. for 3 years = ?

  1. 1200

  2. 1300

  3. 1400

  4. 1500
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Simple Interest = (Principal * Rate * Time) / 100. SI = (5000 * 10 * 3) / 100 = 1500.

AI explanation

Using the simple interest formula, Simple Interest = (Principal x Rate x Time) / 100, we substitute the given values. The calculation is (5000 x 10 x 3) / 100 = 150000 / 100 = 1500. The result is 1500.

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