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What should be the simple interest obtai...

What should be the simple interest obtained on an amount of rs 5,760 at the rate of `6%` p.a. after 3 years?

A

Rs 1036.80

B

Rs 1666.80

C

Rs 1336.80

D

Rs 1063.80

Text Solution

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The correct Answer is:
To find the simple interest obtained on an amount of Rs 5,760 at the rate of 6% per annum after 3 years, we will use the formula for simple interest: **Simple Interest (SI) = (Principal × Rate × Time) / 100** ### Step-by-step Solution: 1. **Identify the values:** - Principal (P) = Rs 5,760 - Rate of interest (R) = 6% per annum - Time (T) = 3 years 2. **Substitute the values into the formula:** \[ SI = \frac{P \times R \times T}{100} \] \[ SI = \frac{5760 \times 6 \times 3}{100} \] 3. **Calculate the multiplication in the numerator:** - First, calculate \(6 \times 3 = 18\). - Now, substitute this back into the equation: \[ SI = \frac{5760 \times 18}{100} \] 4. **Multiply 5760 by 18:** \[ 5760 \times 18 = 103680 \] 5. **Divide by 100 to find the simple interest:** \[ SI = \frac{103680}{100} = 1036.8 \] 6. **Final Answer:** The simple interest obtained is Rs 1,036.80.
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