The simple interest on Rs 68,000 at 6% per annum for 4 years, is-

Options

A. Rs 16,120
B. Rs 16,320
C. Rs 16,420
D. Rs 16,520

Answer

To calculate the simple interest on Rs 68,000 at a rate of 6% per annum for 4 years, we can use the formula for simple interest:

**Simple Interest (SI) = (Principal × Rate × Time) / 100**

### Step-by-Step Solution:

1. **Identify the values:**
- Principal (P) = Rs 68,000
- Rate (R) = 6% per annum
- Time (T) = 4 years

2. **Substitute the values into the formula:**
\[ SI = \frac{P \times R \times T}{100} \]
\[ SI = \frac{68000 \times 6 \times 4}{100} \]

3. **Calculate the multiplication in the numerator:**
- First, multiply the principal by the rate:
\[ 68000 \times 6 = 408000 \]
- Next, multiply the result by the time:
\[ 408000 \times 4 = 1632000 \]

4. **Divide by 100 to find the simple interest:**
\[ SI = \frac{1632000}{100} = 16320 \]

5. **Final Result:**
The simple interest on Rs 68,000 at 6% per annum for 4 years is Rs 16,320.