Question

Find the simple interest of 5200 at the rate of 6% annual interest in 2 years. (A) ₹ 684 (B) ₹ 580 (C) ₹ 522 (D) ₹ 624​

Answer 1

Answer:

(D) ₹ 624​

Step-by-step explanation:

P=5200 , t=2yrs , r=6%

SI=P*r*t/100

 =5200*2*6/100

 =Rs. 624

Answer 2

Given :-

• Principle = Rs.5200

• Rate of interest = 6 %

• Time = 2 years

To find :-

• Simple Interest

Solution :-

As we know that

→ Simple Interest = P × R × T/100

Where " P " is the principle, " R " is the rate of interest, " T " is the time .

According to given condition

→ S.I = P × R × T/100

Put the value of P, R and T

→ S.I = 5200 × 6 × 2/100

→ S.I = 52 × 6 × 2

→ S.I = 52 × 12

→ S.I = Rs.624

Hence,

• Simple Interest i.e Rs.624

Therefore,

• Correct option is (D)

More to know :-

• Amount = Principle + Simple Interest

• Compound Interest = Principle + Amount

• Amount = P(1 + R/100)ⁿ where " n " is the time (For compound interest)