Find a simple interest on ₹ 7200 for 7 years at a rate of 14% per annum. Option 1: ₹7,056 Option 2: ₹6,800 Option 3: ₹6,812 Option 4: ₹7,098

Answer: ₹7,056. Solution: SI = (P x R x T)/100 = (7200 x 14 x 7)/100. = 72 x 98 = 7056. So the simple interest is ₹7,056.

Arithmetic

Simple & Compound Interest

Easy

Find a simple interest on ₹ 7200 for 7 years at a rate of 14% per annum.

₹7,056

₹6,800

₹6,812

₹7,098

✅ Correct Option: 1

$SI = \dfrac{P \times R \times T}{100} = \dfrac{7200 \times 14 \times 7}{100}$ .

$= 72 \times 98 = 7056$ . So the simple interest is ₹7,056.

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