The simple interest (in ₹) on ₹2,200 at the rate of 5% per annum in 2 years is:

Correct option is A

Given:

Principal P = ₹2200

Rate R = 5%per annum

Time T = 2 years

Formula Used:

SI = $$\frac{P \times R \times T}{100}$$​​

Solution:

SI = $$\frac{2200 \times 5 \times 2}{100}$$​​

= $$\frac{22000}{100}$$​​

= ₹220