Question 21
Find the simple interest on ₹27,000 at 14(2/3)% per annum for 8 months.
Step-by-Step Solution
CONCEPT USED
Simple Interest
STEP-BY-STEP SOLUTION
$Rate R = 44/3 %. Time T = 8/12 = 2/3 year.$
SI = (27000 * (44/3) * (2/3)) / 100 = 270 * (88 / 9) = 30 * 88 = ₹2,640 .
FINAL