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The simple interest for Rs 1500 at 8%...

The simple interest for Rs 1500 at 8% per annum for 3 years is Rs 400 (b) Rs 360 Rs 450 (d) Rs 500

A

Rs. 400

B

Rs. 360

C

Rs. 450

D

Rs. 500

Text Solution

Verified by Experts

The correct Answer is:
B
S.I = `(P xx N xx R)/(100) = (1500 xx 8 xx 3)/(100) = Rs. 360`
Hence, the correct option is (b).
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