Multiple Choice Question

The simple interest on ₹5,000 at 8% per annum for 3 years is:

A
₹1,200
B
₹1,000
C
₹1,400
D
₹1,600

Explanation:

The simple interest is calculated as ₹1,200

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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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