CUET Preparation Today
What is the simple interest on a principal of ₹24,000 for 4 years at the rate of 5% per annum? |
₹4,800 ₹3,600 ₹5,600 ₹5,000 |
₹4,800 |
We know , Simple Interest = \(\frac{Principal ×Rate × Time }{100}\) = \(\frac{24000 ×5× 4 }{100}\) = Rs. 4800 |
