Question

Find the Simple interest on Rs. $10,000$ for $2$ years, at $10\%$ per annum.

• A. $2000$
• B. $2100$
• C. $2200$
• D. $2500$

Answer 1

The correct option is A $2000$

Principal $=10,000$

$t=2$ years

$r=10$% per annum

Simple interest $=\frac{P\times R\times T}{100}$

$=\frac{10,000\times 2\times 10}{100}$

$=Rs.2000$