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What is the simple interest on ₹5000 at 8% per annum for 3 y - Practice - ObjectiveMcq

HomePracticeMathArithmeticWhat is the simple interest on ₹500...

What is the simple interest on ₹5000 at 8% per annum for 3 years?

Correct Answer: B — ₹1200

SI = (P × R × T) / 100 = (5000 × 8 × 3) / 100 = ₹1200.

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