Question Details

Detailed explanation and options for the selected question.

The simple interest on a sum of Rs. 8,000 at 5% per annum for 3 years is:

A. Rs. 1,200

B. Rs. 1,000

C. Rs. 1,100

D. Rs. 1,150

Explanation:

Explanation: SI = P×R×T/100 = 8000×5×3/100 = Rs. 1,200.