Find the simple interest on Rs. 14550 for 3 years at 8% per annum.
- A. Rs. 3492 ✓
- B. Rs. 3150
- C. Rs. 2852
- D. Rs. 3938
Correct answer
A. Rs. 3492
Explanation
SI = (P x R x T)/100 = (14550 x 8 x 3)/100 = Rs. 3492.
A. Rs. 3492
SI = (P x R x T)/100 = (14550 x 8 x 3)/100 = Rs. 3492.