Find the simple interest (in ₹) on ₹1,200 at an interest rate of 4% per month for 3 months.

Correct option is B

Given:

Principal ,P = ₹1200

Rate ,R = 4%  per month

Time, T = 3 months

Formula Used:

SI = $$\frac{P \times R \times T}{100}$$​​

Solution:

​$$SI = \frac{1200 \times 4 \times 3}{100}\\ \ \\= \frac{1200 \times 12}{100}\\ \ \\= ₹144$$​​