What is the simple interest on Rs. 5000 at an annual interest rate of 8% for 3 years?

Topic: Interest
Subtopic: Simple Interest

ARs. 1000

BRs. 1200

CRs. 1400

DRs. 1500

Explanation

Simple Interest formula is SI = (P * R * T) / 100. Substituting the values: SI = (5000 * 8 * 3) / 100 = 1200.

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