Question

37.Find the interest on sum of Rs.8250 for 3 years at the rate of 8% per annum?

A)Rs.1980
B)Rs.1000
C)Rs.1970
D)Rs.2000​

Answer 1

Hi, this is your answer

Answer 2

Answer :

(a) Rs. 1980

Given :

• Principal = Rs.8250
• Rate of Interest = 8%
• Time = 3 years  

To find :

• the interest on the sum.

Solution :

⇒ Let's find the interest on the sum.

→ Simple Interest = p × r × t/100

= 8250 × 8 × 3/100

= 8250 × 24/100

$\sf = \dfrac{ 825 \not 0 \times 24}{10 \not 0}$

= 825 × 24/10

= 19800/10

= 1980  

• Therefore, the interest on the sum is (a) Rs. 1980.