A sum of ₹84,000 is deposited in a bank on simple interest at the rate of 15% for the period of 3 years. How much Simple Interest (in ₹) will be received?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is Option 1 i.e. 37,800.
SI =
⇒ SI =
⇒ SI = 84 × 45 = ₹37,800