Question

Interest on Rs 12000 for 1 year at the
rate of 10 % per annum is *
Rs 1200
Rs 600
Rs 100
Rs 12100
This is a required question​

Answer 1

Here we have,
P= 12000 R= 10% P.A T= 1 year
So, 12000/100 = 120
we divide by 100 because 12000 itself is a whole.
Now to get 1 year at 10% rate, we
120 multiply 10
= 1200
thus our interest would be 1200