The simple interest on a sum of ₹12,000 at 6% per annum for 4 years is:

A

₹2,880
B

₹2,400
C

₹3,000
D

₹2,700

Explanation:

Simple interest is calculated using the formula SI = (P x R x T) / 100

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This question belongs to the set "Mathematics Practice Quiz on Simple and Compound Interest". Click below to read detailed notes and attempt the full quiz.

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