Simple interest on Rs. 400 in 3 years at a rate of 5% per annum is
Simple interest on Rs. 400 in 3 years at a rate of 5% per annum is P = 400, t = 3, r = 5%, I = ? Using Simple Interest formula: I = Prt I = 400 × 3 × 5 100 = 60
P = 400, t = 3, r = 5%, I = ?
Using Simple Interest formula: I = Prt
I = 400 × 3 × 5 100
= 60
1297 MCQ for effective preparation of the test of Interest of Word Problems section.
Read the MCQ statement: Simple interest on Rs. 400 in 3 years at a rate of 5% per annum is , keenly and apply the method you have learn through the video lessons for Interest to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 223-12990.