alleryStart learning →A sum of Rs 8,000 earns simple interest at 5% a year. What is the interest after 3 years?
ARs 1,200
BRs 1,260
CRs 1,000
DRs 1,500
Answer & Solution
Correct answer: A. Rs 1,200
Simple interest is 8,000 x 5% x 3 = Rs 1,200.
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