Multiple choice

Find the simple interest on Rs 1000 for 2 years at 8% per annum

  1. Rs 80

  2. Rs 40

  3. Rs 120

  4. Rs 160
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Simple Interest = (Principal * Rate * Time) / 100. SI = (1000 * 8 * 2) / 100 = 16000 / 100 = 160.

AI explanation

Using the simple interest formula of P times R times T divided by 100, the calculation is 1000 times 8 times 2 divided by 100. Multiplying these numbers gives 160, which is the interest in rupees.

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