Find the SI on ₹ 200 for 5 yr at 6% per annum.

Options

A. ₹ 50
B. ₹ 60
C. ₹ 55
D. ₹ 65

Answer

To find the Simple Interest (SI) on ₹200 for 5 years at a rate of 6% per annum, we can use the formula for Simple Interest:

**Formula:**
\[ \text{SI} = \frac{\text{Principal} \times \text{Rate} \times \text{Time}}{100} \]

**Step 1: Identify the values**
- Principal (P) = ₹200
- Rate (R) = 6%
- Time (T) = 5 years

**Step 2: Substitute the values into the formula**
\[ \text{SI} = \frac{200 \times 6 \times 5}{100} \]

**Step 3: Calculate the multiplication in the numerator**
\[ 200 \times 6 = 1200 \]
\[ 1200 \times 5 = 6000 \]

**Step 4: Divide by 100**
\[ \text{SI} = \frac{6000}{100} = 60 \]

**Final Answer:**
The Simple Interest on ₹200 for 5 years at 6% per annum is ₹60.

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