Jaya invested Rs 14800 at 8.5% per annum on simple interest. The interest earned after 6 months is:
Answer & explanation
Correct answer: option 3
Simple Interest = $\frac{P.R.T}{100}$
= $\frac{14800\times8.5\times0.5}{100}$
= Rs 629
Jaya invested Rs 14800 at 8.5% per annum on simple interest. The interest earned after 6 months is:
Correct answer: option 3
Simple Interest = $\frac{P.R.T}{100}$
= $\frac{14800\times8.5\times0.5}{100}$
= Rs 629