1.

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

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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