Find the simple interest of 5200 at the rate of 6% annual interest in 2 years. (A) ₹ 684 (B) ₹ 580 (C) ₹ 522 (D) ₹ 624
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simple interest =(P*T*R)/100
s.i=5200×2×6/100
=624
option(D)
Answered by
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Answer :-
- Option d) is correct.
- The simple interest is Rs 624.
To find :-
- The simple interest.
Solution :-
- Here, the principal, rate and time is given to us. We have to find the simple interest.
We know that :-
Where,
- SI = Simple Interest.
Here,
- Principal = Rs 5200.
- Rate = 6% per annum.
- Time = 2 years.
Therefore,
________________________________
Hence :-
- The simple interest on Rs 5200 at the rate of 6% annual interest in 2 years is Rs 624.
- So, option d) is correct.
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