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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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