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What will be the simple interest on a principal of Rs 2400 for 6 years at the rate of 8 percent per annum? |
Rs 1082 Rs 972 Rs 1232 Rs 1152 |
Rs 1152 |
Simple Interest = $\frac{P \times R \times T}{100}$ Here, P = Rs 2400, R = 8%, T = 6 years ⇒ Simple Interest = $\frac{2400 \times 8 \times 6}{100}$ = Rs 1152 |
