Question

Naveed borrows Rs 3000 from his bank, and promises to pay Rs 3500 back at the end of
year. What is the simple interest?​

Answer 1

Answer:

Rs.500

Step-by-step explanation:

Principal (P) = Rs.3000

Amount (A) = Rs.3500

Simple Interest = A-P = Rs.(3500-3000) = Rs.500

Answer 2

₹500 is the right answer

hope it helps you