Question

find simple interest on ₹1500 at 12%pa for 8 month​

Answer 1

pa means per annum or 1 year

Time = 8 months = 8/12 year = 2/3 year

Principal = ₹1500

Rate = 12%

SI = Principal × Rate × Time/100

=> 1500 × 12 × 2/100 × 3

=> ₹120 (Answer)

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Answer 2

$Principal = ₹ \: 1500$

$Rate = 12 \%$

$Time = 8 \: month = \frac{8}{12} = \frac{2}{ 3}$

$SI = \frac{P×R×T}{100}$

$SI = \frac{1500 \times 12 \times 2}{100 \times 3 }$

$SI = 15 \times 8$

$SI = 120$