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    What will be the simple interest on Rs.1,450 invested for 5 years at a rate of 5% pa?
    Question

    What will be the simple interest on Rs.1,450 invested for 5 years at a rate of 5% pa?

    A.

    Rs.365

    B.

    Rs.362.5

    C.

    Rs.360

    D.

    Rs.365.5

    Correct option is B


    SI=(P×R×T)/100
    SI=(1450×5×5)/100=362.5
    Simple Interest (SI) = Rs.362.5

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