Simple interest on ₹5,000 at 8% per annum for 3 years is
✅ Correct answer: (B) ₹1,200
Explanation:
SI = P × R × T / 100 = 5000 × 8 × 3 / 100 = ₹1,200. (Answer given as the option text.)
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- Simple interest on ₹5,000 at 8% per annum for 3 years is
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