New Enroll here to Join NaBFID Analyst Into Class on May 6

    Question

    What is the simple interest on ₹5000 at a rate of 8%

    per annum for 3 years?
    A ₹1200 Correct Answer Incorrect Answer
    B ₹1300 Correct Answer Incorrect Answer
    C ₹1400 Correct Answer Incorrect Answer
    D ₹1500 Correct Answer Incorrect Answer
    E ₹1600 Correct Answer Incorrect Answer

    Solution

    Simple Interest = (P × R × T) / 100 = (5000 × 8 × 3) / 100 = 120000 / 100 = ₹1200 Correct option: a

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