Question

What will be the interest earned on Rs. 990 in 5 years at the rate of 16% simple interest per annum?

• A. Rs. 891
• B. Rs. 829
• C. Rs. 796
• D. Rs. 792

Answer 1

Answer:

D. Rs. 792

S.I = (990 × 16 × 5)/ 100 S.I = 99 × 8 S.I = 792