Find the simple interest (in ₹) on ₹2500 as a sum borrowed at 8% per year rate of interest for 6 years.
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. 1200.
Simple Interest = (P × R × T) / 100
= (2500 × 8 × 6) / 100
= 1,200