What will be the Amount of Simple Interest?If

What will be the amount of simple interest on Rs.5, 000 at the rate of 5% per annum after 6 years?

  1. Rs.1,200
  2. Rs.800
  3. Rs.1,400
  4. Rs.1,500
Harsh Vardhan Professor Asked on 27th July 2015 in Maths.
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1 Answer(s)

Answer: (4) Rs.1500
Explanation:-
Given-
Principal = Rs.5000, Rate = 5 %  & Time = 6 years.
Formula-
Simple Interest = P x R x T/100
Where, P – principal, R – rate  & T – time.
Then, Simple Interest = 5000 x  5 x 6 /100
= Rs.1500
Hence, the Simple Interest is (4) Rs.1500

Anurag Mishra Professor Answered on 27th July 2015.
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