Correct Answer - Option 4 : Rs. 140
Given:
Principal (P) = Rs.700
Rate (R) = 5%
Time (T) = 4 years.
Formula Used:
S.I. = (P × R × T)/100
Where,
S.I. → Simple Interest
P → Principal
R → Rate
T → Time
Calculations:
According to the question,
S.I. = (700 × 5 × 4)/100
⇒ S.I. = 7 × 20 = Rs. 140
∴ The Simple Interest is Rs. 140.