Question

Find simple interest on $Rs.5000$ for 2 years at $5$% per annum.

• A. $Rs.450$
• B. $Rs.500$
• C. $Rs.550$
• D. $600$

Answer 1

The correct option is B $Rs.500$

$SI=\frac{P\times R\times T}{100}=\frac{5000\times 2\times 5}{100}=50\times 2\times 5$
$=500$