Question

What is the simple interest on ₹ 45,000 in 3 years at a rate of 10 p.c,p.a.?

• A. Rs 12,500
• B. Rs 12,000
• C. Rs 13,500
• D. Rs 13,000

Answer 1

The correct option is C Rs 13,500

Given

P= ₹ 45,000 , R= 10% , T= 3 years

We know that

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

S.I= $\frac{45,000\times 10\times 3}{100}$

S.I= ₹ 13,500