Question

    A sum of ₹8,000 is invested at  10% per annum simple

    interest  for  2 years . What is the  simple interest  earned?
    A 1,305 Correct Answer Incorrect Answer
    B 1,600 Correct Answer Incorrect Answer
    C 1,670 Correct Answer Incorrect Answer
    D 1,200 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    ATQ, SI = (P × R × T) / 100 = (8000 × 10 × 2) / 100 = 1,600

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