The simple interest on Rs 7200 at 14% per annum for 7 years is: Option 1: 1200 Option 2: 7056 Option 3: 6000 Option 4: 7055

Answer: 7056. Solution: Given: Principal (P) = Rs 7200 Rate (R) = 14% per annum Time (T) = 7 years The simple interest formula is: SI = (P x R x T)/100 Substituting the values: SI = (7200 x 14 x 7)/100 14 x 7 = 98 SI = (7200 x 98)/100 7200 x 98 = 705600 SI = 705600/100 SI = 7056 Therefore, the simple interest is Rs 7056.

Arithmetic

Simple & Compound Interest

Easy

The simple interest on Rs 7200 at 14% per annum for 7 years is:

1200

7056

6000

7055

✅ Correct Option: 2

Given:

Principal (P) = Rs 7200

Rate (R) = 14% per annum

Time (T) = 7 years

The simple interest formula is:

$SI = \dfrac{P \times R \times T}{100}$

Substituting the values:

$SI = \dfrac{7200 \times 14 \times 7}{100}$

$14 \times 7 = 98$

$SI = \dfrac{7200 \times 98}{100}$

$7200 \times 98 = 705600$

$SI = \dfrac{705600}{100}$

$SI = 7056$

Therefore, the simple interest is Rs 7056.

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