Question

Find the simple interest on Rs. 400 at 6% per annum for 3 years

• A. Rs 71.5
• B. Rs 61.5
• C. Rs 72
• D. Rs 70

Answer 1

The correct option is C Rs 72

$SI=\frac{P\times t\times r}{100}$
$P=400,r=6,t=3$
$\therefore SI=\frac{400\times 6\times 3}{100}=72$