Using the given information, Answer the following Questions
1) Formula to find the Simple Interest
a) I= PTR/100
b) I= PR/100
c) I= PT/100
2) Mohan has to pay an Interest after half an year is
a) 190
b) 180
c) 270
3) Mohan has to pay the Amount at the end of half an year is
a) 12090
b) 12360
c) 12180
4) Mohan has to pay an Interest after one year is
a) 360
b) 180
c) 270
Answers
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Step-by-step explanation:
not sure about the given info, since we do not know P, R or T. anyways will try to answer as much as I can..
1. a) I = PTR/100
2 and 4. answers are related, since interest accrued in an year will be double of interest accrued in half year, hence,
2. b) 180
3. c) 12180(assumping the principal amount is 12000 here)
4. a) 360 (because other values for 2 are not exactly half as per values of 4)
after calculating, it was observed that,
P = 12000
R = 3%
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