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Find the simple interest on Rs.11400 at 45% per annum for 6 months. (In Rs.)
Question

Find the simple interest on Rs.11400 at 45% per annum for 6 months. (In Rs.)

A.

2465

B.

2665

C.

2565  

D.

2765

Correct option is C

Principal (P) = 11400
Rate (R) = 45% per annum
Time (T) = 6 months = 1/2 year

Simple Interest = (P × R × T) / 100
= (11400 × 45 × 1/2) / 100
= (11400 × 22.5) / 100
= 2565

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