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Simple interest on Rs. 1000 at 10% per annum for 2 years is?

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Correct Answer: C. Rs. 200
SI = PRT/100 = 1000×10×2/100 = Rs. 200.

Question: Simple interest on Rs. 1000 at 10% per annum for 2 years is?

A. Rs. 100

B. Rs. 150

C. Rs. 200

D. Rs. 250

Correct Answer: C. Rs. 200SI = PRT/100 = 1000×10×2/100 = Rs. 200.

Simple interest on Rs. 1000 at 10% per annum for 2 years is? - MCQ Explanation

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Correct answer: C. Rs. 200