Applied Mathematics - Simple interest and bank
A person deposits Rs 8000 in a bank at 5% for 3 years. How much Simple interest will he get?
A
1200
B
1000
C
1400
D
1500
The difference between 3 years and 5 years interest on a sum is 2000 rupees. The rate is 10%. How much principal?
A
Rs 8000
B
Rs 9000
C
Rs 10000
D
Rs 12000