Find the simple interest (in ₹) on ₹3500
Find the simple interest (in ₹) on ₹3500 as a sum borrowed at 5% per year rate of interest for 5 years.
5 वर्षों के लिए 5% प्रति वर्ष की ब्याज दर उधार ली गई राशि ₹3500 पर साधारण ब्याज (₹ में) ज्ञात कीजिए।
Detailed Solution & Logic
Correct Answer:
875
P = 3500, r = 5%, t = 5 years
Simple Interest = $ \dfrac{P \times r \times t}{100} $
$ = \dfrac{3500 \times 5 \times 5}{100} $
= 875
Simple Interest} = ₹875
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