Question

Alisha borrows some amount at rate of interest of 12% per year. Which option correctly interprets the situation? *
A. On every ₹100 borrowed, ₹10 is the interest she has to pay for one year.
B. On every ₹100 borrowed, ₹12 is the interest she has to pay for one year.
C. On every ₹1,000 borrowed, ₹10 is the interest she has to pay for one year
D. On every ₹1,000 borrowed, ₹12 is the interest she has to pay for one year.

Answer 1

Answer:

B.

if sum is Rs 100, then 12% of 100 is Rs 12