What is the simple interest on ₹5,000 at 8% per annum for 3 years?
A. ₹1250
B. ₹1000
C. ₹1200
D. ₹1300
A. ₹1250
B. ₹1000
C. ₹1200
D. ₹1300
Best answer
Answer: C. ₹1200
Answer: (C) ₹1200
SI = \(\frac{P \times R \times T}{100} = \frac{5000 \times 8 \times 3}{100}\) = ₹1200.
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