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    • Question : Find the simple interest on Rs. 2,700 for 8 months at 5 paise per rupee per month. Option 1: Rs. 950 Option 2: Rs. 720 Option 3: Rs. 540 O ...
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    Question : Find the simple interest on Rs. 2,700 for 8 months at 5 paise per rupee per month.

    Option 1: Rs. 950

    Option 2: Rs. 720

    Option 3: Rs. 540

    Option 4: Rs. 1080

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    Team Careers360 24th Jan, 2024
    Answer
    Answer (1)
    Team Careers360 25th Jan, 2024

    Correct Answer: Rs. 1080


    Solution : The required simple interest $=\frac{\text{Principal × Rate × Time}}{100}=(\frac{5 × 2700 × 8}{100})$ = Rs.1080
    Hence, the correct answer is Rs. 1080.

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