Find the simple interest (in ₹) on ₹9,900 at 9% per annum in 3 years.
- A2,683
- B2,582
- C2,673
- D2,512
Solution & Step-by-step Explanation
Simple Interest formula:
SI=
100
P×R×T
Given: P=9900, R=9%, T=3 years
SI=
100
9900×9×3
=99×27=2673
SI=
100
P×R×T
Given: P=9900, R=9%, T=3 years
SI=
100
9900×9×3
=99×27=2673