Question

Find the simple interest on Rs. 5200 for 2 years at 6% per annum.
A.Rs. 450
B.Rs. 524
C.Rs. 600
D.Rs. 624

Answer 1

it's your answer


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Answer 2

The e simple interest on Rs. 5200 for 2 years at 6% per annum will be Rs. 624. (option D).

Given,

Principal amount (P) = Rs. 5200

Rate (R) = 6% per annum

Time (T) = 2 years

To find,

The simple interest for the given amount, rate and time.

Solution,

The simple interest for the given amount, rate and time will be Rs. 624.

We can easily solve this problem by following the given steps.

We know that the formula to find the simple interest is given as follows:

Simple Interest (SI) = Principal (P) × Rate (R) × Time (T)/100

where the time is given in years.

According to the question,

Principal amount (P) = Rs. 5200

Rate (R) = 6% per annum

Time (T) = 2 years

SI = (5200×6×2)/100

Dividing 5200 by 100,

SI = 52×6×2

SI = 312×2

SI = Rs. 624

Hence, the simple interest on Rs. 5200 for 2 years at 6% per annum is Rs. 624.