Anita takes a loan of ₹5,000 at 15% per year as rate of simple interest. Find the interest she has to pay at the end of one year.

Correct option is D

Given:

Principal (P) = ₹5000

Rate (R) = 15% per annum

Time (T) = 1 year

Formula Used:

Simple Interest (SI) = $$\frac{P \times R \times T}{100}$$​​

Solution:

​$$SI = \frac{5000 \times 15 \times 1}{100}\\ \ \\ = \frac{75000}{100}\\ \ \\ = ₹750$$​​