Question 12 Marks
Find the simple interest on Rs. 6300 at 8% per annum for 8 months.
Answer
View full question & answer→P = Rs. 6300,
R = 8%,
$\text{T}=\frac{8}{12}\text{ years}$
$\text{S.I.}=\frac{\text{P}\times\text{R}\times\text{t}}{100}$
$=\frac{6300\times8\times8}{100\times12}$
$=\text{Rs. }336$
R = 8%,
$\text{T}=\frac{8}{12}\text{ years}$
$\text{S.I.}=\frac{\text{P}\times\text{R}\times\text{t}}{100}$
$=\frac{6300\times8\times8}{100\times12}$
$=\text{Rs. }336$