Multiple choice

How much simple interest will earn on Rs. 5600 in 15 months at 12.5% per annum? / रु 5600, 15 महीने मेंप्रति वर्ष 12.5% की दर से साधारण ब्याज कितना होगा?

  1. 1500

  2. 750

  3. 650

  4. 875
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

SI = (P × R × T) / 100 = (5600 × 12.5 × 1.25) / 100 = 5600 × 0.125 × 1.25 = 700 × 1.25 = 875. Note that 15 months = 1.25 years, not 1.15 years. Option A (1500) would result from incorrectly using 15 years instead of 1.25 years.

Keep practicing — related questions