Question

Find the simple interest on ₹ 150 for 4 years at 5% per year.

• A. ₹ 15
• B. ₹ 30
• C. ₹ 25
• D. ₹ 40

Answer 1

The correct option is B ₹ 30

Given that,
P = ₹ 150
R= 5% per year
T = 4 years
$\therefore S.I=\frac{P\times R\times T}{100}$
$=\frac{150\times 5\times 4}{100}$
$=₹30$
Hence, the simple interest earned is ₹ 30.