Mathematics for FinancePYQ Nov 19Question 1291 of 512
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Simple interest on 3500\displaystyle 3500 for 3\displaystyle 3 years at 12%\displaystyle 12\% per annum is

Options

A1200\displaystyle 1200
B1260\displaystyle 1260
C2260\displaystyle 2260
D2000\displaystyle 2000
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Correct Answer

✅ Option b — 1260\displaystyle 1260

All Options:

  • A1200\displaystyle 1200
  • B1260\displaystyle 1260
  • C2260\displaystyle 2260
  • D2000\displaystyle 2000

Detailed Solution & Explanation

**Derivation of Simple Interest** Given: - Principal (P\displaystyle P) = Rs. 3,500\displaystyle \text{Rs. }3,500 - Time (T\displaystyle T) = 3\displaystyle 3 years - Rate of Interest (R\displaystyle R) = 12%\displaystyle 12\% per annum **Step 1: Calculate Simple Interest (SI\displaystyle SI)** SI=P×R×T100SI = \frac{P \times R \times T}{100} SI=3500×12×3100SI = \frac{3500 \times 12 \times 3}{100} SI=35×36=Rs. 1,260SI = 35 \times 36 = \text{Rs. }1,260 Hence, **Option B** is the correct answer.

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