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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_
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