Find the simple interest on Rs. 16600 for 1 years at 8% per annum.
- A. Rs. 1474
- B. Rs. 1590
- C. Rs. 1199
- D. Rs. 1328 ✓
Correct answer
D. Rs. 1328
Explanation
SI = (P x R x T)/100 = (16600 x 8 x 1)/100 = Rs. 1328.
D. Rs. 1328
SI = (P x R x T)/100 = (16600 x 8 x 1)/100 = Rs. 1328.