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    Question

    A principal of ₹5000 is invested at a simple interest

    rate of 8% per annum. What will be the interest earned after 3 years?
    A ₹1250 Correct Answer Incorrect Answer
    B ₹1000 Correct Answer Incorrect Answer
    C ₹1200 Correct Answer Incorrect Answer
    D None of these Correct Answer Incorrect Answer

    Solution

    ATQ, Simple Interest = (Principal × Rate × Time) / 100 SI = (5000 × 8 × 3) / 100 = ₹1200

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