On ₹ 5000 at 12% per 1 year the interest for 3 years is …………………
On ₹ 5000 at 12% per 1 year the interest for 3 years is …………………
A) ₹ 1200
B) ₹ 1800
C) ₹ 1000
D) None
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Correct option is (B) ₹ 1800
P = Rs 5000
R = 12%
T = 3 years
S.I. = \(\frac{PRT}{100}\) \(=\frac{5000\times12\times3}{100}\)
= Rs 1800
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