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      Question

      Find the simple interest and the amount on Rs 5,000 at

      8% per annum for 3 years.
      A Rs 3,200 Correct Answer Incorrect Answer
      B Rs 6,200 Correct Answer Incorrect Answer
      C Rs 6,270 Correct Answer Incorrect Answer
      D Rs 6,500 Correct Answer Incorrect Answer

      Solution

      ATQ, Simple Interest (SI) = (P × R × T) / 100 = (5000 × 8 × 3) / 100 = 5000 × 24 / 100 = 1200 Amount = Principal + SI = 5000 + 1200 = Rs 6,200.

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