Find the simple interest (in ₹) on ₹16,200/- at the rate of 8% per annum for 2 years.
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. 2,592
Simple Interest (SI) = (P × R × T)/100
= (16,200 × 8 × 2 )/100
= ₹2,592