Question 60

What is the simple interest on ₹35000 at $$\frac{18}{7}\%$$ per annum for a period of 9 months?

Solution

We know,

Simple Interest = $$\frac{P\times\ r\times\ t}{100}$$

i.e; $$\frac{35000\times\ \frac{18}{7}\times\ \frac{9}{12}}{100}$$

i.e; $$\frac{35000\times\ 18\times\ 9}{100\times\ 7\times\ 12}$$

i.e; ₹675

Hence, Option A is correct.

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