The simple interest on Rs.10 for 4 months at the rate of 3 paise per month is
A) 0.3 Paise B) 1.2 Paise
C) 30 Paise D) 3 Paise
The simple interest on rs. 10 for 4 months at the rate of 3 paise per rupee per month is
Answer: B) 1.2 Paise
Explanation:
Given Principal amount P = Rs. 10
Time T = 4 months
Rate of interest R = 3 ps
Interest I = PTR/100 = (10 x 4 x 3)/100 = 12/10 = 1.2 paise.
Subject: Simple Interest – Quantitative Aptitude – Arithmetic Ability
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