The interest on ₹ 483 for 2 years at 5% per annum is:

1. ₹ 4,830

2. ₹ 48.30

3. ₹ 4.83

4. ₹ 96.60

Given:

P = ₹ 483

R = 5%

T = 2 years

$\because \text{S.I.} = ₹ \Big(\dfrac{P \times R \times T}{100}\Big)\\[1em] \Rightarrow \text{S.I.} = ₹ \Big(\dfrac{483 \times 5 \times 2}{100}\Big)\\[1em] \Rightarrow \text{S.I.} = ₹ \Big(\dfrac{4830}{100}\Big)\\[1em] \Rightarrow \text{S.I.} = ₹ 48.3$

Hence, option 2 is the correct option.