Question

The SI earned for a sum of ₹ 60,000/- in 10 months at the rate of 8%p.a is​

Answer 1

Answer:

Formula for the SI= $\frac{P*R*T}{100}$

Since the time is 10 months, let us take it as 10/12 years

=$\frac{60000*10*8}{100*12}$

Upon solving the answer will come as= 4000

Hence the simple interest on this amount is 4000 rupees

Hope this helps u :)