Q. What is the simple interest on Rs. 1000 at 5% per annum for 2 years?
✅ Correct Answer: (B)
Rs. 100
Explanation: SI = (1000×5×2)/100 = (1000×10)/100 = 1000×0.1 = 100. Option1 (50) is for 1 year at 5%. Option3 & Option4 are too large.
Explanation by: Mr. Dubey
SI = (1000×5×2)/100 = (1000×10)/100 = 1000×0.1 = 100. Option1 (50) is for 1 year at 5%. Option3 & Option4 are too large.