Find the simple interest (in Rs ) on Rs 16,200/- at the rate of 8% per annum for 2 years.

Options

A. `2,598`
B. `2,684`
C. `2,592`
D. `2,596`

Answer

To find the simple interest on Rs 16,200 at the rate of 8% per annum for 2 years, we can follow these steps:

### Step-by-Step Solution:

1. **Identify the variables**:
- Principal (P) = Rs 16,200
- Rate of interest (R) = 8% per annum
- Time (T) = 2 years

2. **Use the formula for Simple Interest (SI)**:
\[ \text{SI} = \frac{P \times R \times T}{100} \]

3. **Substitute the values into the formula**:
\[ \text{SI} = \frac{16200 \times 8 \times 2}{100} \]

4. **Calculate the multiplication in the numerator**:
- First, calculate \(8 \times 2 = 16\)
- Then, calculate \(16200 \times 16\)

5. **Perform the multiplication**:
\[ 16200 \times 16 = 259200 \]

6. **Now divide by 100**:
\[ \text{SI} = \frac{259200}{100} = 2592 \]

7. **Final result**:
The simple interest for 2 years is Rs 2,592.