Find the simple interest on $$₹ 74,000$$ at $$18\frac{2}{3}\%$$ per annum for a period of 8 months?
Given, Principal amount (P) = $$₹ 74,000$$
Rate of interest (R) = $$18\frac{2}{3}\%$$ per annum
= $$\frac{56}{3}\%$$ per annum
= $$\frac{56}{3\times12}\%$$ per month
Time (T) = 8 months
$$\therefore\ $$Simple Interest = $$\frac{PTR}{100}=\frac{74000\times8\times56}{100\times3\times12}=₹ 9208.88$$
Hence, the correct answer is Option C
Create a FREE account and get:
