Question

The interest on 12000/- for one month at the rate of 10% then per annum is (in rupees)?

Answer 1

Answer:

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Step-by-step explanation:

$Given, Principal(P) = 12000</p><p></p><p></p><p>Rate(R) = 10%</p><p></p><p></p><p>Time(T) = 1 month =</p><p></p><p>$

1/12 year

Interest = P×R×T/100

= 12000×10×1 / 100×12

= 100

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