Question
Download Solution PDFHow much simple interest will Rs. 6,000 earn in 21 months at 8% per annum?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven :
Principal = Rs.6000
Time = 21months
Rate = 8% per annum
Formula Used :
SI = (P × R × T)/100
Calculation :
⇒ SI = 6000 × 21 × 8/(100 × 12)
⇒ 60 × 21 × 8/12
⇒ 5 × 21 × 8
⇒ 40 × 21
⇒ 840
∴ The correct answer is 840.
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