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What is the simple interest (in Rs) on a...

What is the simple interest (in Rs) on a principal of Rs 1800 at the rate of 8% per annum for 3 years?

A

420

B

432

C

440

D

380

Text Solution

AI Generated Solution

The correct Answer is:
To find the simple interest on a principal amount, we can use the formula: \[ \text{Simple Interest (SI)} = \frac{P \times R \times T}{100} \] Where: - \( P \) = Principal amount - \( R \) = Rate of interest per annum - \( T \) = Time in years ### Step-by-Step Solution: 1. **Identify the values**: - Principal \( P = 1800 \) Rs - Rate \( R = 8\% \) - Time \( T = 3 \) years 2. **Substitute the values into the formula**: \[ SI = \frac{1800 \times 8 \times 3}{100} \] 3. **Calculate the multiplication in the numerator**: - First, calculate \( 8 \times 3 = 24 \) - Then, calculate \( 1800 \times 24 = 43200 \) 4. **Divide by 100**: \[ SI = \frac{43200}{100} = 432 \] 5. **Conclusion**: The simple interest is \( \text{Rs. } 432 \). ### Final Answer: The simple interest on a principal of Rs. 1800 at the rate of 8% per annum for 3 years is Rs. 432. ---
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