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Find the simple interest, when principal is Rs. 3000/- at the rate of 5% per annum for 2 years.1. Rs. 3032. Rs. 3003. Rs. 3054. Rs. 307 |
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Answer» Correct Answer - Option 2 : Rs. 300 Given: Principal = Rs. 3000 Rate of interest = 5% Time = 2 years Formula used: S.I = PRT/100 Calculation: S.I = Rs. (3000 × 5 × 2)/100 ⇒ Rs. 300 ∴ The required simple interest is Rs. 300 |
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