Question

For the principal amount of ₹ 50,000 calculate the simple interest and match the following.

• A. ₹ 5,000
• B. ₹ 3,500
• C. ₹ 4,000

Answer 1

S.I = $\frac{(P\times N\times R)}{100}$

Case 1:
P = 50,000
R = 5%
N = 2
S.I = $\frac{(50,000\times 2\times 5)}{100}$
= ₹ 5,000

Case 2:
P = 50,000
R = 7%
N = 1
S.I = $\frac{(50,000\times 1\times 7)}{100}$
= ₹ 3,500

Case 3:
P = 50,000
R = 2%
N = 4
S.I = $\frac{(50,000\times 4\times 2)}{100}$
= ₹4,000