Consider the simple interest of the following
(A) The simple interest on Rs 8,930 at 6% per annum for 5 years
(B) The simple interest on Rs 3,080 at 13.50% per annum for 4 years
(C) The simple interest on Rs 7,200 at 14.00 % per annum for 7 years
(D) The simple interest on Rs. 3,120 at 4.00 % per annum for 5 years
The simple interests of these in increasing order are:
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 4
The correct answer is Option (4) → (D), (B), (A), (C)
Simple Interest is calculated as Principal × Rate × Time divided by one hundred.
For (A), the simple interest is 8,930 × 6 × 5 ÷ 100, which equals 2,679.
For (B), the simple interest is 3,080 × 13.5 × 4 ÷ 100, which equals 1,663.20.
For (C), the simple interest is 7,200 × 14 × 7 ÷ 100, which equals 7,056.
For (D), the simple interest is 3,120 × 4 × 5 ÷ 100, which equals 624.
Arranging these amounts from the smallest to the largest gives 624, 1,663.20, 2,679, and 7,056, corresponding to (D), (B), (A), and (C).