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Question

Find the simple interest on Rs. 400 at 6% per annum for 3 years
Rs 71.5
Rs 61.5
Rs 72
Rs 70

A

Rs 70

B

Rs 61.5

C

Rs 71.5

D

Rs 72

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Solution

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The correct option is C Rs 72
$S I = \frac{P \times t \times r}{100}$
$P = 400, r = 6, t = 3$
$∴ S I = \frac{400 \times 6 \times 3}{100} = 72$

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