A principal of Rs. 50000 is invested at simple interest for 8 years. If the per annum rate of interest is 12 percent, then what will be the amount after 8 years?

Correct option is D

Given:
Principal = Rs. 50000; Rate = 12%; Time = 8 years.
Formula Used:
​$$\text{SI} = \frac{P \times R \times T}{100} \\\text{Amount} = \text{Principal} + \text{SI}$$​​
Solution: 
​$$\text{SI} = 50000 \times \frac{12 \times 8}{100} = 48000 \\\text{Amount} = 50000 + 48000 = \text{Rs. } 98000$$​​
Answer: (d) Rs. 98000