Correct option is C
Given:
Principal (P) = ₹2,500
Simple Interest (SI) = ₹1,000
Rate of Interest (R) = 10% per annum
Formula Used:
The formula for Simple Interest is:
Solution:
From the formula,
In what time (in years) will ₹2,500 fetch an interest of ₹1,000 at 10% per year simple interest?
Given:
Principal (P) = ₹2,500
Simple Interest (SI) = ₹1,000
Rate of Interest (R) = 10% per annum
Formula Used:
The formula for Simple Interest is:
Solution:
From the formula,
In what time (in years) will ₹2,500 fetch an interest of ₹1,000 at 10% per year simple interest?
Find the simple interest (in ₹) on ₹2,000 at 5.75% per annum rate of interest for the period from 15 February 2023 to 29 April 2023.
A sum when invested at the rate of 12% simple interest per annum, amounts to ₹8,500 after 3 years. The simple interest (in ₹) for the given time period is: