Four alternative options are given for each of the following statements. Select the correct option. The simple interest on ₹ 5,000 at 2% per month for 3 months is: A. ₹ 100 B. ₹ 200 C. ₹ 300 D. ₹ 400
Answers
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SI= prt/100
c...300....
c...300....
Answered by
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Option ( C ) is correct.
Explanation :
Let principal ( p ) = Rs 5000
Rate of interest ( r ) = 2% per month
Time ( t ) = 3 months
Simple interest ( I ) = ( PTR )/100
= ( 5000 × 3 × 2 )/100
= 50 × 3 × 2
= 300
Therefore ,
Simple interest ( I ) = Rs 300
•••••
Explanation :
Let principal ( p ) = Rs 5000
Rate of interest ( r ) = 2% per month
Time ( t ) = 3 months
Simple interest ( I ) = ( PTR )/100
= ( 5000 × 3 × 2 )/100
= 50 × 3 × 2
= 300
Therefore ,
Simple interest ( I ) = Rs 300
•••••
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