Find the simple interest on Rs. 11600 for 4 years at 3% per annum.
- A. Rs. 1530
- B. Rs. 1271
- C. Rs. 1713
- D. Rs. 1392 ✓
Correct answer
D. Rs. 1392
Explanation
SI = (P x R x T)/100 = (11600 x 3 x 4)/100 = Rs. 1392.
D. Rs. 1392
SI = (P x R x T)/100 = (11600 x 3 x 4)/100 = Rs. 1392.