LIVE Course for free

Rated by 1 million+ students
Get app now
0 votes
35 views
in Simple Interest by (24.2k points)
closed by
Find the simple interest on Rs. 11000 at 3% per annum for 3 years.
1. Rs. 880
2. Rs. 770
3. Rs. 440
4. Rs. 990

1 Answer

0 votes
by (24.2k points)
selected by
 
Best answer
Correct Answer - Option 4 : Rs. 990

Given:

Principal = Rs. 11,000

Rate = 3% per annum

Time = 3 years

Formula used:

Simple interest = (Principal × rate × time)/100

Calculation:

Simple interest = (11000 × 3 × 3)/100

⇒ Rs. 990

Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students.

Categories

...