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Rs. 1,800, invested for 5 years at 8% simple interest per annum, will earn an interest of Rs. _____.1. 7202. 7503. 6304. 675 |
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Answer» Correct Answer - Option 1 : 720 Given: Principal = Rs. 1800 Time = 5 years Rate of interest = 8% Formula used: Simple Interest = (Principal × time × rate)/100 Calculation: Simple Interest earned ⇒ (1800 × 5 × 8)/100 ⇒ 720 ∴ The per annum interest is Rs. 720. |
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