Question

4.The interest on Rs. 3000 for 24 months at 5% per year will be ___________________Required to answer. Single choice.

(0.5 Points)


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Answer 1

Answer:

Principal = Rs . 3000

Rate of interest = 5%

Time = 24 months = 2 years

Interest = (PRT)/100 = (3000×5×2)/100 = 30000/100 = 300

So the interest is Rs. 300