Find simple interest on ₹12,000 at 7% yearly for three years.
- ₹2,420
- ₹2,720
- ₹2,620
- ₹2,520
Show answer and solution
Correct answer: D. ₹2,520
Simple interest is ₹12,000 × 0.07 × 3 = ₹2,520.
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Correct answer: D. ₹2,520
Correct answer: B. ₹3,360
Correct answer: A. ₹1,814.40