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    Question

    What is the simple interest on Rs. 8000 at the rate of

    7.5% per annum for 4 years?
    A Rs.3200 Correct Answer Incorrect Answer
    B Rs.2400 Correct Answer Incorrect Answer
    C Rs.2200 Correct Answer Incorrect Answer
    D Rs.4200 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    ATQ, SI = (P x R x T) / 100 = (8000 x 7.5 x 4) / 100 = 2400 Hence, the correct answer is Rs. 2400.

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