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A man invests Rs. 5000 at an interest rate of 5% per annum. How much interest wi

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Question: A man invests Rs. 5000 at an interest rate of 5% per annum. How much interest will he earn in 3 years? (2020)

Options:

  1. 750
  2. 500
  3. 1500
  4. 1000

Correct Answer: 750

Exam Year: 2020

Solution: 

Simple Interest = Principal * Rate * Time = 5000 * 0.05 * 3 = 750.

A man invests Rs. 5000 at an interest rate of 5% per annum. How much interest wi

Practice Questions

Q1
A man invests Rs. 5000 at an interest rate of 5% per annum. How much interest will he earn in 3 years? (2020)
  1. 750
  2. 500
  3. 1500
  4. 1000

Questions & Step-by-Step Solutions

A man invests Rs. 5000 at an interest rate of 5% per annum. How much interest will he earn in 3 years? (2020)
  • Simple Interest – The calculation of interest earned on a principal amount over a specified period at a fixed interest rate.
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