What is the simple interest on Rs 6000 at 10% per year for 1 years?

Question: What is the simple interest on Rs 6000 at 10% per year for 1 years?

1. Rs 601
2. Rs 599
3. Rs 600
4. Rs 602

Correct Answer: C — Rs 600

Explanation: Simple interest = principal × annual rate × years ÷ 100; add principal for total amount.
Using the values in this question gives Rs 600 as the correct answer.