Question discussion

At what rate of simple interest per annum will ₹8,000 earn ₹1,920 in 3 years?

1452Medium DSSSB TGT Computer Science 0 replies 1 views

Correct answer: D

Explanation

Rate = (I × 100)/(P × T) = (1920 × 100)/(8000 × 3) = 8%.

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