The simple interest on Rs.6000 at the rate 7% p. a for 10 months is
O
A
320
B
330
C
340
OD
350
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Correct option is
C
Rs. 12000
Let sum = x, S.I. = Rs. 6000, Time = 10 years.
Rate =(
x×10
100×6000
)=(
x
60000
)%
S.I. for first 5 years
=Rs.(
x×100
x×5×60000
)=Rs.3000
S.I. for last 5 years =Rs.(3x×5×
x×100
60000
)
=Rs.9000
∴ Total interest =Rs.12000.
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