What is the simple interest on ₹4,840 at 6% per annum for 10 years?
Answer & explanation
Correct answer: option 3
We know ,
Simple Interest = \(\frac{Principal ×Rate × Time }{100}\)
= \(\frac{4840 × 6 × 10 }{100}\)
= Rs. 2904
What is the simple interest on ₹4,840 at 6% per annum for 10 years?
Correct answer: option 3
We know ,
Simple Interest = \(\frac{Principal ×Rate × Time }{100}\)
= \(\frac{4840 × 6 × 10 }{100}\)
= Rs. 2904