Banking Exams Quant — Question 1793
Question
Find the simple interest on ₹8,000 at 5% per annum for 3 years.
- ₹1,000
- ₹1,200
- ₹1,400
- ₹1,500
Correct answer
B — ₹1,200
Explanation (English)
SI = (P × R × T)/100 = (8000 × 5 × 3)/100 = ₹1,200.
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