Interest on ₹ 12000 for 1 month at the rate of 10 % per annum is(a) – InterviewSolution

1.

Interest on ₹ 12000 for 1 month at the rate of 10 % per annum is(a) ₹ 1200 (b) ₹ 600 (c) ₹ 100 (d) ₹ 12100

Answer»

(c) ₹ 100

From the question it is given that,

Principal= ₹ 12000

Time = 1 month = 1/12

Rate = 10%

Then, we know the formula of Simple interest I = (P × R × T)/100

I= (12000 × (10) × (1/12))/100

I = ₹ 100

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