If the simple interest on Rs. 5000 for 3 years is Rs. 1200, what is the rate of interest per annum?

A 6%

B 7%

C 8%

D 9%

✓ Correct Answer: Option C

SI = PRT/100. 1200 = 5000×R×3/100. R = 8%.

💡 Why is C) the correct answer?

The correct answer to the question "If the simple interest on Rs. 5000 for 3 years is Rs. 1200, what is the rate of interest per annum?" is Option C: 8%.

The other options — A) 6%, B) 7%, D) 9% — are incorrect for this Mathematics question. As explained above: SI = PRT/100. 1200 = 5000×R×3/100. R = 8%.

📚 About This Mathematics Practice Question

This 2-level Mathematics question from the Arithmetic & Number Systems topic is part of One Paper Preparation's free exam preparation library. Each question includes the correct answer and a detailed explanation to help you understand the underlying concept, not just memorize the answer.

How to use this page: Read the question above, consider all four options (A through D), then check the highlighted correct answer and explanation. For active timed practice, start a free Mathematics practice test or use flashcards for spaced repetition review.

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If the simple interest on Rs. 5000 for 3 years is Rs. 1200, what is the rate of interest per annum?

✓ Correct Answer: Option C

📚 About This Mathematics Practice Question

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