Correct Answer - Option 3 : Rs. 160
Given:
P = Rs. 800, T = 2, R = 10%
Formula used:
Simple Interest = (P × R × T)/100
Where, P = Principal
R = rate of interest
T = Times
Calculation:
By the using formula, we get
Simple Interest = (P × R × T)/100
⇒ Simple Interest = (800 × 10 × 2)/100
⇒ Simple Interest = 160
∴ Simple Interest is Rs. 160