What is the total amount on Rs 6700 after 3 years at 8% simple annual interest?

Question: What is the total amount on Rs 6700 after 3 years at 8% simple annual interest?

1. Rs 8309
2. Rs 8308
3. Rs 8307
4. Rs 8310

Correct Answer: B — Rs 8308

Explanation: Simple interest = principal × annual rate × years ÷ 100; add principal for total amount.
Using the values in this question gives Rs 8308 as the correct answer.