Correct option is C
Given:
Principal (P) = Rs. 1200
Rate of interest (R) = 3% per month
Time (T) = 6 months
Formula Used:
Simple Interest (SI) =
Solution:
SI =
=
= 216
Find the simple interest (in Rs.) on Rs. 1,200 at an interest rate of 3% per month in 6 months.
Given:
Principal (P) = Rs. 1200
Rate of interest (R) = 3% per month
Time (T) = 6 months
Formula Used:
Simple Interest (SI) =
Solution:
SI =
=
= 216
Suggested Test Series
Suggested Test Series
A sum amounts to ₹ 9075 in years at 15% p.a, interest compounded 8-monthly. What is the simple interest (in ₹) on the same sum for the same period and at the same rate of interest ?
In how much time will a sum of money ₹7500 earn an interest of ₹150 at the rate of 4% per annum simple interest?
The simple interest on a certain sum for years at the rate of 4.5% per annum is ₹8,778. What will be the amount payable on the same sum at the rate of 5.5% per annum simple interest in years?
The simple interest on a principal amount is Rs. 714 for a period of 3 years at the rate of 7% per annum.