Question
Download Solution PDFCalculate the simple interest on ₹ 37,500 at the rate of 2% per annum for 4 years.
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Principal (P) = ₹37,500
Rate (r) = 2% per annum
Time (t) = 4 years
Formula used:
Simple Interest (SI) = P × r × t / 100
Calculation:
SI = 37500 × 2 × 4 / 100
⇒ SI = 37500 × 8 / 100
⇒ SI = 300000 / 100
⇒ SI = ₹3000
∴ The correct answer is option 2.
Last updated on Jun 5, 2025
-> UP Police Constable 2025 Notification will be released for 19220 vacancies by June 15th 2025.
-> UPPRPB Constable application window is expected to open in June 2025.
-> UP Constable selection is based on Written Examination, Document Verification, Physical Measurements Test, and Physical Efficiency Test.
-> Candidates can attend the UP Police Constable and can check the UP Police Constable Previous Year Papers. Also, check UP Police Constable Exam Analysis.