Question

Find the Simple Interest on Rs 9, 600 at 7 1 /2% per annum for 5 months

Answer 1

Answer:

Rs.300

Step-by-step explanation:

Principal (P) = Rs.9,600

Rate (R) = 7½ % = 15/2 %

Time (T) = 5 months = 5/12 years

SI = PRT/100

=> SI = 9600 × 15/2 × 5/12 × 1/100

=> SI = Rs.300