Practicing Success
Practicing Success
CUET Preparation Today
What is the simple interest on a sum of ₹99,000 at $12\frac{1}{2}$ per annum for a period of 9 months? |
₹8,281.25 ₹9,282.25 ₹7,281.25 ₹9,281.25 |
₹9,281.25 |
9 months = \(\frac{3}{4 }\) years Rate = 12 \(\frac{1}{2 }\)% = \(\frac{25}{2}\)% Simple Interest = \(\frac{Principal ×Rate × Time }{100}\) = \(\frac{99000 ×25 × 3 }{2 × 4× 100}\) = Rs. 9281.25 |
