Q. The rate of interest is 8% per annum. What will be the simple interest in 6 months on Rs. 3000?

  • (A) Rs. 100
  • (B) Rs. 120
  • (C) Rs. 140
  • (D) Rs. 160
βœ… Correct Answer: (B) Rs. 120
Explanation: Time = 0.5 years. SI = 3000×8×0.5/100 = 120.
Explanation by: Mr. Dubey
Time = 0.5 years. SI = 3000×8×0.5/100 = 120.

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