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    Question

    The simple interest on a sum of Rs 5000 at 8% per annum

    for 3 years is:
    A 1045 Correct Answer Incorrect Answer
    B 1334 Correct Answer Incorrect Answer
    C 1200 Correct Answer Incorrect Answer
    D 1523 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    SI = (P × R × T) / 100 = (5000 × 8 × 3) / 100 = (5000 × 24) / 100 = 120000 / 100 = 1200

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