How much interest does a Rs. $410$ investment earn at $5$ $%$ over $10$ year?

105

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205

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305

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405

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Solution

The correct option is B $205$
Simple interest, $I =$ $\frac{P R T}{100}$
Where, $P =$ principal $=$ Rs. $410$
$R =$ rate $= 5 %$
$T =$ time period $= 10$ years
Therefore, $I =$ $\frac{410 \times 5 \times 10}{100}$
$\Rightarrow I =$ Rs. $205$

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