Question

The simple interest of Rs 6500 for \(1\frac{1}{2}\) years at 10% is

• A. 945
• B. 950
• C. 960
• D. 975

Answer 1

The Correct Option is D

The simple interest (SI) can be calculated using the formula:

SI = (P × R × T) / 100

where:

• \(P =\) Principal amount = Rs 6500
• \(R =\) Rate of interest = 10%
• \(T =\) Time period in years = \(1\frac{1}{2} = \frac{3}{2}\) years

Substituting these values into the formula, we get:

SI = \(\frac{6500 × 10 × \frac{3}{2}}{100}\)

Simplifying,

SI = \(\frac{6500 × 10 × 1.5}{100}\)

SI = \(6500 × 0.15\)

SI = 975

Therefore, the simple interest is Rs 975.