The simple interest on Rs $15000$ at $8\%$ per annum for $3$ years is:

Question

The simple interest on Rs $15000$ at $8\%$ per annum for $3$ years is:

Option A

Rs 3200

Option B

Rs 3400

Option C — Correct answer

Rs 3600

Correct choice.

Option D

Rs 3800

Explanation

SI $=\frac{15000\times8\times3}{100}=3600$.

Chapter Mock 5: Simple Interest and Compound Interest