What would be the simple interest accured in 4 years on a principal of Rs16,500 at the rate of p.c.p.a?
(a) 11,560
(b) 10,250
(c) 12,500
(d) 9,980
(e) of these
(e) Simple interest
= principal x time x rate /100
= 16500 x 4 x 16 / 100
= Rs 10560
