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## QuestionMathsClass 7

The simple interest on $$Rs.\ 2500$$ at $$8\%$$ p.a. for $$2$$ years is （ ）
A. $$Rs.\ 200$$
B. $$Rs.\ 500$$
C. $$Rs.\ 2900$$
D. $$Rs.\ 400$$

D
4.6
4.6

## Solution

We know that,
Simple interest $$=\frac{P\times R\times T}{100}$$, where $$P$$ is principal, $$R$$ is rate and $$T$$ is time.
Here, $$P=Rs. 2500$$,$$R=8\%$$ and $$T=2$$ years.
$$\therefore$$ Simple Interest $$=\frac{2500\times 8\times 2}{100}$$
$$=25\times 8\times 2$$
$$=400$$.
Thus, simple interest is $$Rs. 400$$.