Find the simple interest on Rs. 7,500 at 6% per annum for 3 years.

ARs. 1,250

BRs. 1,350

CRs. 1,450

DRs. 1,550

Explanation

SI = (P * R * T) / 100 = (7500 * 6 * 3) / 100 = 75 * 18 = Rs. 1,350.

Exam Relevance

Topic: Interest
Subtopic: Simple Interest

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