Calculate the simple interest on Rs 4480 at 8%per annum for 3 years?

 a) 1035
 b) 1075.20
 c) 858.50
 d) 2330


1075.20.
Solution
P = Rs. 4480
R = 8%
R = 3 years
SI = PNR/100
= (4480 x 8 x 3)/100 = 1075.20
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