If the time period (in years), amount (in crore) and the rate of interest (p.a.) becomes equal, find the simple interest if amount is 2 crore.

0.008 crore

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0.8 crore

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0.08 crore

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None of these

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Solution

The correct option is C
0.08 crore

$\frac{P \times P \times P}{100} = S . I$

$S . I . = \frac{2^{3}}{100} = 0.08$

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If the time period (in years), amount (in crore) and the rate of interest (p.a.) becomes equal, find the simple interest if amount is 2 crore.

The correct option is C 0.08 crore P×P×P100=S.I S.I.=23100=0.08

The correct option is C
0.08 crore

$\frac{P \times P \times P}{100} = S . I$

$S . I . = \frac{2^{3}}{100} = 0.08$