1.

What would be the simple interest obtained on an amount of Rs. 6,535 at the rate of 10% per annum after 6 years?1. Rs. 34142. Rs. 31493. Rs. 38074. Rs. 3921

Answer» Correct Answer - Option 4 : Rs. 3921

Given:

Principal = Rs 6,535

Rate of interest = 10%

Time in years = 6 years

Concept used:

Simple interest, SI = (P × N × R)/100

Where P is principal, N is the number of terms and R is the rate of interest.

Calculation:

SI = 6535 × 6 × 10/100 = Rs 3,921

The simple interest obtained is Rs 3,921.



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