Home › LIC AAO › Quantitative Aptitude › Simple Interest › Find the simple interest on ₹8,000 at 12% p.a. f…
Find the simple interest on ₹8,000 at 12% p.a. for 3 years.
A₹2,400
B₹2,880
C₹3,000
D₹3,360
Answer & Solution
Correct answer: B. ₹2,880
1. SI = P × R × T / 100.
2. SI = 8000 × 12 × 3 / 100.
3. = ₹2,880.
_Source: jkchrome SI-CI QB, p.1 — basic SI_
Related questions
The total value of an investment after interest is added is its:Money the depositor earns from a bank account is also called:Using 360 rather than 365 days makes the interest charged:Some banks instead treat a year as having how many days?The day count convention described as Actual is paired with:For a loan quoted in days, the daily rate divides the annual rate by:A 6,000 rupee loan at 5 per cent for 2 years has a payoff of:A 10,000 rupee loan at 8 per cent for 3 years has a payoff of: