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Find the Simple Interest on Rs. 7500 at 11% for 2 Years and 5 months.
- ARs.1994.25
- BRs.1991.25
- CRs.1992.75
- DRs.1993.75
Correct answer: D
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CCommunity
Rs.1993.75
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NA
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CCommunity
Soution :
Simple Interest = ( P × R × T )/100
Where, P = Principal amount
R = Rate of interest (in percentage)
T = Time (in years)
Simple Interest = ( 7500× 11 × 2.42)/100
Simple Interest = 75 × 11 × 2.42
Simple Interest = 1993.75
So,the correct option is D). Rs.1993.75
Simple Interest = ( P × R × T )/100
Where, P = Principal amount
R = Rate of interest (in percentage)
T = Time (in years)
Simple Interest = ( 7500× 11 × 2.42)/100
Simple Interest = 75 × 11 × 2.42
Simple Interest = 1993.75
So,the correct option is D). Rs.1993.75