Discussion
Find the simple interest (in ₹) on ₹6,800 at 8% per annum for 4 years.
Answer: A
The simple interest is 2176.
Simple interest = P × R × T / 100.
\[ \frac{6800\times8\times4}{100}=2176 \]
2167, 2076 and 2716 are different arrangements of the digits and do not equal the product.
The yearly interest is 8% of 6,800 = 544, and for 4 years it is 4 × 544 = 2,176. The principal is not added, since simple interest is only the interest. The amount would be 8,976.
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