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Financial Markets Management · 2025 · 1 mark
CBSE 2025 · Central · Set 4 · Q5
What is the simple interest on ₹ 500 borrowed at 8% per annum for 3 years?
What is the simple interest on ₹ $\displaystyle 500$ borrowed at $\displaystyle 8$% per annum for $\displaystyle 3$ years?
Official answer
(A)
₹ $\displaystyle 120$
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CBSE Class 12 Financial Markets Management past-paper question from the 2025 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.