Question 121

What is the simple interest on Rs 5400 in 5 years at the rate of 12% per annum?

Solution

Principal sum = Rs. 5400

Rate of interest = 12% and time period = 5 years

Simple interest = $$\frac{P\times R\times T}{100}$$

= $$\frac{5400\times12\times5}{100}$$

= $$54\times60=Rs.$$ $$3240$$

=> Ans - (D)

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