1.

Find the simple interest on Rs. 68,000 at 16 2/3% per annum for 9 months.

Answer»

P = Rs.68000,R = 50/3% p.a and T = 9/12 years = 3/4 years. 

S.I. = (P*R*T)/100 

= Rs.(68,000*(50/3)*(3/4)*(1/100))

= Rs.8500



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