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