How much will the interest be for Rs.1900 at 9% per annum... - Simple and Compound Interest MCQ Solution

How much will the interest be for Rs.1900 at 9% per annum for 3 year?

How much will the interest be for Rs.1900 at 9% per annum for 3 year?
₹1900 पर 9% वार्षिक ब्याज दर से 3 वर्षों के लिए कितना ब्याज होगा?

512 513 511 514

Detailed Solution & Logic

Correct Answer:

513

Principal (P) = Rs. 1900
Rate (R) = 9% per annum
Time (T) = 3 years

Simple Interest formula:
$SI = \frac{P \times R \times T}{100}$

$SI = \frac{1900 \times 9 \times 3}{100}$

$SI = \frac{51300}{100}$

SI = 513

Interest = Rs. 513 ✅