Rs 5000 for 1 year 3 months at 7 paise per rupee per annum
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Step-by-step explanation:
The simple interest on Rs. 25 for 4 months at the rate of 3 paise per rupee per month is :
A) 240 paise
B) Rs. 1.40
C) Rs. 2.20
D) Rs. 3
Answer: D) Rs. 3
Explanation:
I = PTR/100
I = 25 x 4 x 0.03/100
I = 0.03 x 100 = 300 Ps = Rs. 3
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