What is the simple interest on Rs 8000 at 6% per annum for 5 years?
Answer and explanation
Correct answer: B. Rs 2400
- Step 1: SI = P x R x T / 100.
- Step 2: 8000 x 6 x 5 / 100 = 2400.
Answer
Rs 2400.
Practise more Arithmetic: Profit, Interest and Percentages.
Free questions with an explanation for every one, and full timed Banking (IBPS / SBI PO) mock tests.
More Arithmetic: Profit, Interest and Percentages questions
- What is the simple interest on Rs 8000 at 8% per annum for 3 years?
- A number increases from 400 to 520. What is the percentage increase?
- Two partners invest in the ratio 3 : 5 for the same period and earn a profit of Rs 10000. What is the share of the first partner?
- A trader buys an article for Rs 500 and sells it at a profit of 25%. What is the selling price?
- What is 45% of 2000?
- A trader buys an article for Rs 1200 and sells it at a profit of 8%. What is the selling price?