Question

If an amount of ₹23000 is invested at a rate of 10 p.c.p.a for two years, find S.I.

• A. Rs 4500
• B. Rs 4600
• C. Rs 4800
• D. Rs 4900

Answer 1

The correct option is B Rs 4600

Given
P= ₹ 23000, R = 10p.c.p.a, T= 2 years
Using formula
S.I = $\frac{P\times R\times T}{100}$
S.I = $\frac{23000\times 10\times 2}{100}$
S.I = ₹ 4600