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    Question

    Find the simple interest on Rs 12,000 at 6.5% per annum

    for 2 years 8 months.
    A 2080 Correct Answer Incorrect Answer
    B 2360 Correct Answer Incorrect Answer
    C 3470 Correct Answer Incorrect Answer
    D 2311 Correct Answer Incorrect Answer

    Solution

    Time T = 2 years 8 months = 2 + 8/12 = 2 + 2/3 = 8/3 years SI = (P ├Ч R ├Ч T)/100 = (12000 ├Ч 6.5 ├Ч 8/3)/100 6.5 ├Ч 8 = 52 SI = (12000 ├Ч 52)/(300) = (12000/300) ├Ч 52 = 40 ├Ч 52 = 2080

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