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Multiple choice

Find the simple interest on Rs. 471 for 7 months at 2 paise per rupee per month.

  1. $Rs. 57.4$
  2. $Rs. 59.2$
  3. $Rs. 61.66$
  4. $Rs. 65.94$
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

2 paise per rupee per month = 2% per month. Principal = Rs. 471. Monthly interest = 471 × 0.02 = Rs. 9.42. For 7 months: 9.42 × 7 = Rs. 65.94.

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