The simple interest on Rs. 5000 at 8% p.a. for 3 years is?

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A Rs. 1000
B Rs. 1200
C Rs. 1500
D Rs. 1400

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Answer: B. Rs. 1200

Simple interest = P x R x T / 100. Here SI = 5000 x 8 x 3 / 100 = 50 x 24 = Rs. 1200. Interest is Rs. 400 each year for 3 years.

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The simple interest on Rs. 5000 at 8% p.a. for 3 years is?

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