Question discussion

What will be the simple interest earned on an amount of Rs. 16,800 in 9 months at the rate of 6.25% p.a. ?

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What will be the simple interest earned on an amount of Rs. 16,800 in 9 months at the rate of 6.25% p.a. ?
  • ARs. 687.50
  • BRs. 787.50
  • CRs. 887.50
  • DRs. 987.50
Correct answer: B

Discussion 1

0
CCommunity
Rs. 787.50

Time = 9 months = 3/4 year.
∴∴
S. I = Rs.(16800 * 25/4 * 3/4 * 1/100 ) = Rs.787.50.