What will be the Amount of Simple Interest?If
Answer: (4) Rs.1500
Principal = Rs.5000, Rate = 5 % & Time = 6 years.
Simple Interest = P x R x T/100
Where, P – principal, R – rate & T – time.
Then, Simple Interest = 5000 x 5 x 6 /100
Hence, the Simple Interest is (4) Rs.1500