Home › UGC NET › mathematicalreasoning › Mathematical Reasoning — Simple Interest › SI on ₹1000 at 10% per annum for 2 years is:
SI on ₹1000 at 10% per annum for 2 years is:
A₹100
B₹200
C₹250
D₹500
Answer & Solution
Correct answer: B. ₹200
1. SI = (P × R × T)/100 = (1000 × 10 × 2)/100.
2. = 200.
3. Hence ₹200.
_Source: UGC NET Paper 1 Study Book (ugc-net.com class notes) — Simple Interest_