Mark (V) against the correct answer in each of the following:1. How mu

1.	Mark (V) against the correct answer in each of the following:1. How much simple interest will Rs 2000 earn in 18 months at 6% per annum? I(a) Rs 120(b) Rs 180(c) Rs 216(d) Rs 240(IGNOU, 2003)
Answer» Principal=Rs.2000(P)time=18 months=1.5 yrs.(t)rate=6% p.a(R)∴S.I=PRt/100=(2000×6×1.5)/100=Rs.180 Option b is correct.

Mark (V) against the correct answer in each of the following:1. How much simple interest will Rs 2000 earn in 18 months at 6% per annum? I(a) Rs 120(b) Rs 180(c) Rs 216(d) Rs 240(IGNOU, 2003)

Answer»

Principal=Rs.2000(P)time=18 months=1.5 yrs.(t)rate=6% p.a(R)∴S.I=PRt/100=(2000×6×1.5)/100=Rs.180

Option b is correct.