Find the simple interest on Rs. 11800 for 3 years at 4% per annum.
- A. Rs. 1416 ✓
- B. Rs. 1278
- C. Rs. 1534
- D. Rs. 1673
Correct answer
A. Rs. 1416
Explanation
SI = (P x R x T)/100 = (11800 x 4 x 3)/100 = Rs. 1416.
A. Rs. 1416
SI = (P x R x T)/100 = (11800 x 4 x 3)/100 = Rs. 1416.