Question

What is the SI on Rs.700 for 2 years at 5% per annum? a. 65 b. 75 C. 60 d. 70​

Answer 1

Step-by-step explanation:

SI = P × R × T/ 100

700 × 5 × 2/ 100

Now zero zero will be cancel then,

7 × 5 × 2 = ₹70

SI = ₹70

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Answer 2

Answer:

The simple interest is Rs. 70.

So, option ( d ) 70 is the correct answer.

Step-by-step explanation:

In context to the question asked,

We have to find the simple interest and amount,

As per data given in the question,

We have,

Principal ( P ) = Rs. $700$

Rate of interest ( R ) = $5$%

Time ( T ) = $2$ years

For calculating the simple interest:

The formula to be used:-

$S.I = \frac{P \times R \times T}{100}$

Substitute the given values:

$=> S.I = \frac{700\times 5 \times 2}{100}$

$=> S.I = \frac{7000}{100}$

$=> S.I = Rs.70$

Hence, the required simple interest is Rs. 70