Question

The sum required to earn a monthly interest
of 1500 at 5% per annum at simple interest.
(a) Rs 360000
(b) Rs 36000
(c) Rs 180000
(d) Rs 18000​

Answer 1

Step-by-step explanation:

T=1/12

I=1500

r=5%

I=PTR/100

1500=P*5*1/100*12

P=1500*1200/5

P=360000