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      Question

      Find the simple interest on Rs 1040 at 12% per annum for

      2 years? 
      A Rs 325.20 Correct Answer Incorrect Answer
      B Rs 825.36 Correct Answer Incorrect Answer
      C Rs 400 Correct Answer Incorrect Answer
      D Rs 249.6 Correct Answer Incorrect Answer

      Solution

      Simple Interest (SI) = P × R × T/100​ SI = (1040 X 12 X 2)/100 SI = 24960/100 = Rs 249.60

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