Calculate the simple interest on ₹ 37,500 at the rate of 2\% per annum for 4 years. - Quantitative Aptitude MCQ Adda247 2026 | ExamTest.live

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Calculate the simple interest on ₹ 37, 500 at the rate of 2% per annum for 4 years.

Solution & Step-by-step Explanation

The formula for Simple Interest (SI) is: SI = \frac{P \times R \times T}{100} Given: Principal (P) = ₹ 37, 500 Rate (R) = 2% per annum Time (T) = 4 years SI = \frac{37500 \times 2 \times 4}{100} SI = 375 \times 8 = ₹ 3, 000

Try it yourself before checking the explanation above.

Calculate the simple interest on ₹ 37, 500 at the rate of 2% per annum for 4 years.

₹ 3500

₹ 3000

₹ 4000

₹ 5000

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