Find the simple interest when the principal amount is ₹ 12,800 , the rate of interest is 7\% per annum and the time period is 3 years. - Quantitative Aptitude MCQ Practice Test 2026 | ExamTest.live

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Find the simple interest when the principal amount is ₹ 12, 800, the rate of interest is 7% per annum and the time period is 3 years.

Solution & Step-by-step Explanation

The formula for computing Simple Interest (SI) is: SI = \frac{P \times R \times T}{100} Given: * Principal (P) = ₹ 12, 800 * Rate (R) = 7% per annum * Time (T) = 3 years Substituting the values: SI = \frac{12800 \times 7 \times 3}{100} = 128 \times 21 = ₹ 2, 688

Try it yourself before checking the explanation above.

Find the simple interest when the principal amount is ₹ 12, 800, the rate of interest is 7% per annum and the time period is 3 years.

₹ 2,898

₹ 2,709

₹ 2,900

₹ 2,688

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