Question

The simple interest on a sum of Rs 3000 at the rate of 4% per annum
for 5 years = Rs.
O a) 650
O b) 550
OC)500
0 ) 600​

Answer 1

Answer:

simple interest formula: 4000 × 8 × 5/100 = Rs. 1600

Answer 2

rs 600 is the interest on rs3000 @4%p.a for5 yrs

Step-by-step explanation:

si=p×r×t÷100

si=3000×4×5/100

si=30×20

si=600