The simple interest on Rs. 2000 for 3 years at 5% per annum is:

ARs. 250

BRs. 300

CRs. 350

DRs. 400

Explanation

SI = (P * R * T) / 100 = (2000 * 5 * 3) / 100 = Rs. 300.

Exam Relevance

Topic: Sequences, Probability & Statistics
Subtopic: Simple Interest

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