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What is the simple interest on Rs. 1500 at a rate of 10% per annum for 7 years?  Ops:   A. Rs. 900    B. Rs. 750    C. Rs. 1050    D. Rs. 1080

Question

What is the simple interest on Rs. 1500 at a rate of 10% per annum for 7 years?  Ops:   A. Rs. 900    B. Rs. 750    C. Rs. 1050    D. Rs. 1080
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Solution 1

The formula for calculating simple interest is I = PRT/100, where:

I = Interest P = Principal amount (the initial amount of money) R = Rate of interest T = Time (in years)

In this case, P = Rs. 1500, R = 10% and T = 7 years.

Substituting these values into the formula, we get:

I = (1500 * 10 * 7) Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.

Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
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