What will be the amount of Simple Interest on Rs.5000 at the rate of 5% per annum after 6 years?

Correct option is B

Solution:

We know the formula for Simple Interest (SI) is:

$$\text{SI} = \frac{P \times R \times T}{100}$$​
​
Where:
P = 5000 ( Principal amount), ( R = 5 % ) (Rate of interest), and ( T = 6 ) years (Time period).
Substitute the given values into the formula:

​$$\text{SI} = \frac{5000 \times 5 \times 6}{100} = 1500$$​

Thus, the Simple Interest for the given period is Rs.1500