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For every question, four probable answers bear in letters (A), (B), (C) and (D) are given. Only one out of these is correct. You have to choose the orrect answer.
Simple interest of Rs. 1650 for 3 years at the of 5% per annum is

A

Rs. 250

B

Rs. 260

C

Rs. 247.50

D

Rs. 255.70

Text Solution

AI Generated Solution

The correct Answer is:
To find the simple interest (SI) for a principal amount of Rs. 1650 over 3 years at an interest rate of 5% per annum, we can use the formula for simple interest: ### Step-by-Step Solution: 1. **Identify the formula for Simple Interest:** \[ \text{SI} = \frac{P \times r \times t}{100} \] Where: - \( P \) = Principal amount - \( r \) = Rate of interest (in percentage) - \( t \) = Time (in years) 2. **Substitute the values into the formula:** - \( P = 1650 \) - \( r = 5 \) - \( t = 3 \) Plugging these values into the formula gives: \[ \text{SI} = \frac{1650 \times 5 \times 3}{100} \] 3. **Calculate the multiplication in the numerator:** \[ 1650 \times 5 = 8250 \] Then multiply by \( t \): \[ 8250 \times 3 = 24750 \] 4. **Divide by 100 to find the Simple Interest:** \[ \text{SI} = \frac{24750}{100} = 247.50 \] 5. **Conclusion:** The simple interest for Rs. 1650 over 3 years at a rate of 5% per annum is Rs. 247.50. ### Final Answer: **The correct answer is Rs. 247.50.** ---
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