Start learning →

The simple interest on ₹10,000 at 8% per annum for 2 years is

A₹1,600
B₹1,800
C₹2,000
D₹800
Answer & Solution
Correct answer: A. ₹1,600
We have SI = P·R·T/100. That is SI = 10000·8·2/100. So SI = ₹1,600.
Practise this question with Quill — CA Foundation →

Keep practising Interest

Browse all Interest questions for CA Foundation, or explore more Mathematics topics.

Start a Interest lesson →
Related questions
₹5,000 at 10% per annum compounded annually for 2 years amounts to