The simple interest on ₹5,000 at 4% per annum for 3 years is:
2025
The simple interest on ₹5,000 at 4% per annum for 3 years is:
- A.
₹400
- B.
₹500
- C.
₹600
- D.
₹700
Attempted by 24 students.
Show answer & explanation
Correct answer: C
Simple interest = P x R x T / 100 = 5000 x 4 x 3 / 100 = Rs. 600.