Sachin borrowed ₹800 for 3 years at the rate of 5% per annum.Find th – InterviewSolution

1.

Sachin borrowed ₹800 for 3 years at the rate of 5% per annum.Find the simple interest he pays.

Answer»

<P>Answer:

Rs.120

Step-by-step explanation:

Principal (P) = Rs.800

Rate (R) = 5% p.a.

Time (T) = 3 years

Simple INTEREST (SI) = PRT/100

=> SI = 800×5×3/100

=> SI = Rs.120

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