Question

How much interest is earned on Rs. $670$ at $8$% for ten years?

• A. Rs.$436$
• B. Rs.$536$
• C. Rs.$636$
• D. Rs.$736$

Answer 1

The correct option is B Rs.$536$

Principal $=670$

$r=8$% per annum

$t=10$ years

Simple interest $=\frac{670\times 10\times 8}{100}=536$