Find the simple interest on ₹68000 at 16\(\frac{2}{3}\) % per annum for 9 months.
Answer & explanation
Correct answer: option 3
16\(\frac{2}{3}\) % = \(\frac{1}{6}\)
SI = \(\frac{PRT}{100}\)
SI = \(\frac{68000 × 1 × 9}{12 × 6 }\)
SI = 8500
Find the simple interest on ₹68000 at 16\(\frac{2}{3}\) % per annum for 9 months.
Correct answer: option 3
16\(\frac{2}{3}\) % = \(\frac{1}{6}\)
SI = \(\frac{PRT}{100}\)
SI = \(\frac{68000 × 1 × 9}{12 × 6 }\)
SI = 8500