Multiple choice

What is the simple interest on a sum of Rs. 99,000 at 12.5% per annum for a period of 9 months?

  1. Rs. 8,281.25

  2. Rs. 9,281.25

  3. Rs. 9,282.25

  4. Rs. 7,281.25
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Simple Interest = Principal × Rate × Time / 100. P = Rs. 99,000, R = 12.5%, T = 9 months = 9/12 years = 3/4 years. SI = 99000 × 12.5 × (3/4) / 100 = 99000 × 12.5 × 0.75 / 100 = 99000 × 9.375 / 100 = Rs. 9,281.25. Options A, C, and D are incorrect calculations.

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