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Electrician
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
Solution
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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