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Multiple choice

What is the simple interest (in Rs) on a principal of Rs 1800 at the rate of 8% per annum for 3 years?

  1. $2500$
  2. $2642$
  3. $2242$
  4. $2232$
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Simple Interest = (P × R × T)/100 = (1800 × 8 × 3)/100 = 18 × 24 = 432. The formula directly gives us the interest earned over 3 years at 8% per annum.

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  • Simple and Compound Interest (3394 questions)
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