Q. What will be the simple interest on Rs. 7000 at 6% per annum for 3 years?

  • (A) Rs. 1200
  • (B) Rs. 1260
  • (C) Rs. 1400
  • (D) Rs. 1500
βœ… Correct Answer: (B) Rs. 1260
Explanation: SI = (7000×6×3)/100 = 1260.
Explanation by: Mr. Dubey
SI = (7000×6×3)/100 = 1260.

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