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Simple interest on ₹5000 at 10% per annum for 2 years is

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Question ID #5486

Correct Answer: B. ₹1000

Question: Simple interest on ₹5000 at 10% per annum for 2 years is

A. ₹500

B. ₹1000

C. ₹1500

D. ₹2000

Correct Answer: B. ₹1000

Simple interest on ₹5000 at 10% per annum for 2 years is - MCQ Explanation

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Correct answer: B. ₹1000