Simple Interest Practice Test 3

Question : 38 of 40

Marks: +1, -0

Find the simple interest on Rs 84,000 at 19%per annum for 5 years.

Solution:

P = Rs 84,000, Rate = 19%, Time = 5 years

∴SI={P×R×T}/100

={84000×19×5}/100=79800

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