Find the simple interest (in₹) on ₹3500

Find the simple interest (in₹) on ₹3500 as a sum borrowed at 7% per year rate of interest for 6 years.
6 वर्षों के लिए 7 % प्रति वर्ष की ब्याज दर पर उधार ली गई राशि ₹3500 पर साधारण ब्याज (₹ में) ज्ञात कीजिए।

1410 1470 1510 1430

Detailed Solution & Logic

Correct Answer:

1470

P = 3500, r = 7% t = 6 years
Simple Interest = $ \dfrac{P \times r \times t}{100} $
$ = \dfrac{3500 \times 7 \times 6}{100} $
Answer = 1470
Simple Interest = ₹1470

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