Question

Ronaldo deposited Rs. $2500$ in a saving account at the interest rate of $2$% per year. How much simple interest will he earn in $4$ years?

• A. $100$
• B. $200$
• C. $300$
• D. $400$

Answer 1

The correct option is B $200$

$\Rightarrow$ $S.I.=\frac{P\times R\times T}{100}$

$\Rightarrow$ $S.I.=\frac{2500\times 2\times 4}{100}$

$\Rightarrow$ $S.I.=25\times 2\times 4$

$\therefore$ $S.I.=Rs.200.$