Correct Answer - Option 1 : Rs. 5400
Given
Deepika lends to Avishek = Rs. 4500
Rate of interest = 15%
Time = 8 years
Formula Used
Simple Interest = (Principal × Rate × Time)/100
Calculation
⇒ let the simple interest be x
⇒ x = (4500 × 15 × 8)/100
⇒ x = 45 × 120 = Rs. 5400
∴ The interest will be Rs. 5400