Question

Atul takes a loan of
Rs.65000 at 12% p.a. for 1
years. Calculate the simple
interest?
1 Mark
17.
O
1) 10700
O
O
2.
11700
O
3
11800
O
4
11701​

Answer 1

Answer:

ANSWER

Given :

P=Rs2650T=2

2

1

yearsR=8%

∴SI=

100

PRT

=

2×100

2650×8×5

=Rs530

∴Amount=P+SI=Rs 3180