Find the interest on `₹12,000` at `8%` per annum for `4` years.

Answer

To find the simple interest on ₹12,000 at an interest rate of 8% per annum for 4 years, we can follow these steps:

### Step 1: Identify the values
- Principal (P) = ₹12,000
- Rate of interest (R) = 8%
- Time period (T) = 4 years

### Step 2: Use the Simple Interest formula
The formula for calculating Simple Interest (SI) is:
\[ SI = \frac{P \times R \times T}{100} \]

### Step 3: Substitute the values into the formula
Substituting the values we identified:
\[ SI = \frac{12,000 \times 8 \times 4}{100} \]

### Step 4: Calculate the multiplication
First, calculate the multiplication in the numerator:
\[ 12,000 \times 8 = 96,000 \]
Then multiply by 4:
\[ 96,000 \times 4 = 384,000 \]

### Step 5: Divide by 100
Now, divide the result by 100 to find the Simple Interest:
\[ SI = \frac{384,000}{100} = 3,840 \]

### Conclusion
The simple interest on ₹12,000 at 8% per annum for 4 years is **₹3,840**.

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