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How much interest can a person get on Rs. 8200 at 17.5% p.a. simple interest for a period of two years and six months?
- ARs. 3770
- BRs. 2850.50
- CRs. 3587.50
- D3750
Correct answer: C
Discussion 1
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CCommunity
Rs. 3587.50
I = (8200 * 2.5 * 17.5)/100 = (8200 * 5 * 35)/(100 * 2 * 2) = Rs. 3587.50
I = (8200 * 2.5 * 17.5)/100 = (8200 * 5 * 35)/(100 * 2 * 2) = Rs. 3587.50