PPSC Past Papers Punjab Enforcement and Regulatory Authority, | By Umar HomePast PapersPPSC Past Papers PDFPPSC Past Papers 2025PPSC Past Papers Punjab Enforcement and Regulatory Authority,If the principal amount is $1000, the rate of interest is 2% per year, and the time period is 3 years, what is the simple interest? If the principal amount is $1000, the rate of interest is 2% per year, and the time period is 3 years, what is the simple interest? A. $20 B. $30 C. $60 D. $120 Correct Answer: C. $60 Explanation: Simple Interest = (P × R × T)/100 = (1000 × 2 × 3)/100 = $60.
A. $20 B. $30 C. $60 D. $120 Correct Answer: C. $60 Explanation: Simple Interest = (P × R × T)/100 = (1000 × 2 × 3)/100 = $60.
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