Question

What is the simple interest on ₹2000 at 5% per annum for 2 years?

• A. ₹100
• B. ₹150
• C. ₹200
• D. ₹250

Hint:

Remember SI formula: \(P \times R \times T / 100\).

Answer 1

The Correct Option is C

Step 1: Formula for simple interest: \[ \text{SI} = \frac{P \times R \times T}{100} \] Step 2: Substitute given values: \[ \text{SI} = \frac{2000 \times 5 \times 2}{100} \] \[ = 200 \]