Category: Mathematics | Last updated: 2026-09-18

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%

Explanation

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

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