55) If Rs 1000 is given at the rate of 18%
annual interest, then what will be the
monthly interest?
A) ₹12 B) ₹1555
C) ₹20 D) ₹18
Answers
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Answer:
Rs. 15
Step-by-step explanation:
Principle(P) = Rs. 1000
Rate of Interest (R) = 18%
Time(T) = 1 month
= 1/12 year
Simple Interest (SI) = (P*R*T)/100
= (1000*18*1/12)/100
= 15 Rs.
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