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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 ├Ч R ├Ч T) / 100 = (5000 ├Ч 8 ├Ч 3) / 100 = (5000 ├Ч 24) / 100 = 120000 / 100 = 1200

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