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      Question

      Find the amount on Rs.7500 at 8% per annum for 3 years.

      A Rs.5300 Correct Answer Incorrect Answer
      B Rs.9600 Correct Answer Incorrect Answer
      C Rs.9300 Correct Answer Incorrect Answer
      D Rs.7300 Correct Answer Incorrect Answer

      Solution

      Simple Interest (SI) = P Γ— R Γ— T / 100 = 7500 Γ— 8 Γ— 3 / 100 = 7500 Γ— 24 / 100 = 1800 Amount = Principal + Interest = 7500 + 1800 = 9300 Answer: Amount = Rs. 9300

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