What will be the simple interest on a sum of Rs. 12000 at the rate of 15% per annum of three years?

A. Rs. 5400

B. Rs. 6000

C. Rs. 7200

D. Rs. 4500

Answer: Option A

Solution(By Examveda Team)

$${\text{S}}{\text{.I}}{\text{.}} = \frac{{12000 \times 15 \times 3}}{{100}} = {\text{Rs}}{\text{. }}5400$$