The simple interest on ₹10,000 at 8% per annum for 2 years is
- ₹1,600
- ₹1,800
- ₹2,000
- ₹800
Show answer and solution
Correct answer: A. ₹1,600
We have SI = P·R·T/100.
That is SI = 10000·8·2/100.
So SI = ₹1,600.
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Start learning CA Foundation with Quill →Correct answer: A. ₹1,600
Correct answer: C. ₹6,050
Correct answer: D. 24