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Choose the most appropriate option (a) (b) (c) (d)
S.I on Rs. 3500 for 3 years at 12% per annum is
- a)Rs. 1200
- b)1260
- c)2260
- d)none of these
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
Choose the most appropriate option (a) (b) (c) (d)S.I on Rs. 3500 for ...
The formula for Simple Interest (SI) is: SI = (P x R x T) / 100
Where, P = Principal amount (Rs. 3500) R = Rate of interest (12%) T = Time (3 years)
So, SI = (3500 x 12 x 3) / 100 = 1260
Therefore, the simple interest on Rs. 3500 for 3 years at 12% per annum is Rs. 1260. So the answer is 2. Rs. 1260
Most Upvoted Answer
Choose the most appropriate option (a) (b) (c) (d)S.I on Rs. 3500 for ...
Calculation of Simple Interest:
Principal amount = Rs. 3500
Rate of Interest = 12% per annum
Time period = 3 years
Using the formula for calculating Simple Interest:
SI = (P * R * T)/100
Where,
P = Principal amount
R = Rate of Interest
T = Time period
Substituting the given values in the formula, we get:
SI = (3500 * 12 * 3)/100
SI = Rs. 1260
Therefore, the Simple Interest on Rs. 3500 for 3 years at 12% per annum is Rs. 1260. Hence, option (b) is the correct answer.
Principal amount = Rs. 3500
Rate of Interest = 12% per annum
Time period = 3 years
Using the formula for calculating Simple Interest:
SI = (P * R * T)/100
Where,
P = Principal amount
R = Rate of Interest
T = Time period
Substituting the given values in the formula, we get:
SI = (3500 * 12 * 3)/100
SI = Rs. 1260
Therefore, the Simple Interest on Rs. 3500 for 3 years at 12% per annum is Rs. 1260. Hence, option (b) is the correct answer.
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Community Answer
Choose the most appropriate option (a) (b) (c) (d)S.I on Rs. 3500 for ...
3500×3 then = 10500 and 10500×12/100 =1260
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