a) Rs 211
b) Rs 222
c) Rs 244
d) Rs 288
correct answer is: d) Rs 288
Explanation
Here,
Principal (p) = Rs 1200
Rate (r) = 8 % p.a.
Time (t) = 3 years.
We know,
simple interest =\frac{p\times t\times r}{100}
\therefore S.I. =\frac{1200\times3\times8}{100}
\rightarrow S.I. = 288
\therefore S.I. = Rs 288
Ans: Rs 288 is the simple interest on Rs 1200 at a rate of 8% per annum for 3 years.
An additional variation of this particular query is:
1. Find out the amount of simple interest accrued on Rs 1200 at a 8% per annum interest rate over a 3-year period.
2. Calculate the simple interest earned on Rs 1200 at an annual interest rate of 8% for a period of 3 years.
3. Determine the simple interest earned on Rs 1200 for 3 years at an interest rate of 8% per annum.
4. Calculate the simple interest on Rs 1200 for a period of 3 years at an annual interest rate of 8%.
5. What is the interest earned on Rs 1200 over 3 years with a simple interest rate of 8% per annum?