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The interest on a sum of ₹ 2500 for 4 years at the interest rate 4% is
- a)₹ 100
- b)₹ 200
- c)₹ 300
- d)₹ 400
Correct answer is option 'D'. Can you explain this answer?
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The interest on a sum of 2500 for 4 years at the interest rate 4% isa...
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The interest on a sum of 2500 for 4 years at the interest rate 4% isa...
Understanding Simple Interest
Simple interest can be calculated using the formula:
Simple Interest (SI) = Principal × Rate × Time
Where:
- Principal is the initial amount of money.
- Rate is the interest rate per annum.
- Time is the duration the money is borrowed or invested (in years).
Given Values
- Principal (P) = 2500
- Rate (R) = 4% (or 0.04 as a decimal)
- Time (T) = 4 years
Calculating the Interest
Now, let's plug in the values into the formula:
- SI = 2500 × 0.04 × 4
Step-by-Step Calculation:
- First, calculate the Rate multiplied by Time:
- 0.04 × 4 = 0.16
- Next, multiply this result by the Principal:
- SI = 2500 × 0.16
- Finally, perform the multiplication:
- SI = 400
Conclusion
The simple interest on a sum of 2500 for 4 years at an interest rate of 4% is 400.
Thus, the correct answer is option 'D' (400).
This detailed approach helps you understand how to calculate simple interest effectively!
Simple interest can be calculated using the formula:
Simple Interest (SI) = Principal × Rate × Time
Where:
- Principal is the initial amount of money.
- Rate is the interest rate per annum.
- Time is the duration the money is borrowed or invested (in years).
Given Values
- Principal (P) = 2500
- Rate (R) = 4% (or 0.04 as a decimal)
- Time (T) = 4 years
Calculating the Interest
Now, let's plug in the values into the formula:
- SI = 2500 × 0.04 × 4
Step-by-Step Calculation:
- First, calculate the Rate multiplied by Time:
- 0.04 × 4 = 0.16
- Next, multiply this result by the Principal:
- SI = 2500 × 0.16
- Finally, perform the multiplication:
- SI = 400
Conclusion
The simple interest on a sum of 2500 for 4 years at an interest rate of 4% is 400.
Thus, the correct answer is option 'D' (400).
This detailed approach helps you understand how to calculate simple interest effectively!
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The interest on a sum of 2500 for 4 years at the interest rate 4% isa) 100b) 200c) 300d) 400Correct answer is option 'D'. Can you explain this answer?
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The interest on a sum of 2500 for 4 years at the interest rate 4% isa) 100b) 200c) 300d) 400Correct answer is option 'D'. Can you explain this answer? for Class 7 2025 is part of Class 7 preparation. The Question and answers have been prepared according to the Class 7 exam syllabus. Information about The interest on a sum of 2500 for 4 years at the interest rate 4% isa) 100b) 200c) 300d) 400Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for Class 7 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The interest on a sum of 2500 for 4 years at the interest rate 4% isa) 100b) 200c) 300d) 400Correct answer is option 'D'. Can you explain this answer?.
The interest on a sum of 2500 for 4 years at the interest rate 4% isa) 100b) 200c) 300d) 400Correct answer is option 'D'. Can you explain this answer? for Class 7 2025 is part of Class 7 preparation. The Question and answers have been prepared according to the Class 7 exam syllabus. Information about The interest on a sum of 2500 for 4 years at the interest rate 4% isa) 100b) 200c) 300d) 400Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for Class 7 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The interest on a sum of 2500 for 4 years at the interest rate 4% isa) 100b) 200c) 300d) 400Correct answer is option 'D'. Can you explain this answer?.
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