Principle=180, rate of interest per annum=3 % , time period = 8 months

1.	Principle=180, rate of interest per annum=3 % , time period = 8 months
Answer» <html><body><p>interest = <a href="https://interviewquestions.tuteehub.com/tag/3-301577" style="font-weight:bold;" target="_blank" title="Click to know more about 3">3</a>.6</p><p></p><p><strong>Step-by-step <a href="https://interviewquestions.tuteehub.com/tag/explanation-455162" style="font-weight:bold;" target="_blank" title="Click to know more about EXPLANATION">EXPLANATION</a>:</strong></p><p>p = <a href="https://interviewquestions.tuteehub.com/tag/180-279527" style="font-weight:bold;" target="_blank" title="Click to know more about 180">180</a></p><p>r = 3% = 3/100</p><p>t = <a href="https://interviewquestions.tuteehub.com/tag/8-336412" style="font-weight:bold;" target="_blank" title="Click to know more about 8">8</a> months = 8/12</p><p>I = ?</p><p></p><p>I = p × r × t</p><p> = 180 × 3/100 × 8/12</p><p> = 3.6</p></body></html>

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