Find the simple interest on Rs. 12900 for 3 years at 4% per annum.
- A. Rs. 1250
- B. Rs. 1548 ✓
- C. Rs. 1840
- D. Rs. 1282
Correct answer
B. Rs. 1548
Explanation
SI = (P x R x T)/100 = (12900 x 4 x 3)/100 = Rs. 1548.
B. Rs. 1548
SI = (P x R x T)/100 = (12900 x 4 x 3)/100 = Rs. 1548.