Question

What would be the simple interest obtained on an amount of Rs. 7,385 at the rate of 10 p.c.p.a. after 8 years ?

• A. Rs. 5,302
• B. Rs. 5,504
• C. Rs. 5,908
• D. None of these

Answer 1

The correct option is C

Rs. 5,908

$SI=\frac{P\times R\times T}{100}=\frac{7385\times 10\times 8}{100}=Rs.5908$