The simple interest on Rs 10 for 4 months @3 paisa per rupee per month is |
1.60 rupee 1.40 rupee 1.20 rupee 2.40 rupee |
1.20 rupee |
Given:
Simple Interest: $SI = \frac{P \times R \times T}{100}$ $= \frac{10 \times 3 \times 4}{100} = \frac{120}{100} = \text{₹}1.20$ |