A man borrows Rs. 8,000 at the rate of 15% per year for 3 years. How much simple interest will be paid by him?

A man borrows Rs. 8,000 at the rate of 15% per year for 3 years. How m

1.	A man borrows Rs. 8,000 at the rate of 15% per year for 3 years. How much simple interest will be paid by him?
A.	Rs. 4,000
B.	Rs. 3,600
C.	Rs. 2,400
D.	Rs. 3,200
Answer» C. Rs. 2,400

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A man borrows Rs. 8,000 at the rate of 15% per year for 3 years. How much simple interest will be paid by him?

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