Multiple Choice Question

If the principal is ₹1,000, the rate of interest is 5% per annum, and the time is 2 years, what is the simple interest?

A
₹100
B
₹200
C
₹300
D
₹400

Explanation:

Simple interest is calculated using SI = (P x R x T) / 100

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This question belongs to the set "Mathematics Practice Quiz on Simple and Compound Interest". Click below to read detailed notes and attempt the full quiz.

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