1.
What is the simple interest on ₹5000 at 8% per annum for 3 years?
A
₹1000
B
₹1200
C
₹1500
D
₹800
View Answer
Correct Answer: B — ₹1200
Explanation:
SI = (P × R × T) / 100 = (5000 × 8 × 3) / 100 = ₹1200.
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What is the simple interest on ₹5000 at 8% per annum for 3 years?
₹1000
₹1200
₹1500
₹800
Correct Answer: B — ₹1200
Explanation:
SI = (P × R × T) / 100 = (5000 × 8 × 3) / 100 = ₹1200.