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

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

    A.

    ₹220

    B.

    ₹320

    C.

    ₹170

    D.

    ₹270

    Correct option is A

    Given:

    Principal P = ₹2200

    Rate R = 5%per annum

    Time T = 2 years

    Formula Used:

    SI = P×R×T100\frac{P \times R \times T}{100}​​

    Solution:

    SI = 2200×5×2100\frac{2200 \times 5 \times 2}{100}​​

    22000100 \frac{22000}{100}​​

    = ₹220

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