Practicing Success
What is the simple interest on ₹35000 at $\frac{18}{7}$% per annum for a period of 9 months? |
₹675 ₹600 ₹875 ₹700 |
₹675 |
9 months = \(\frac{3 }{4 }\) years We know , Simple Interest = \(\frac{Principal ×Rate × Time }{100}\) = \(\frac{35000 × 18 × 3 }{100×7×4}\) = Rs. 675 |