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What will be the simple interest earned on an amount of Rs. 22000 in 8 months at 814%8\frac{1}{4}\% per annum?

Solution

Correct Option: 3

P=22000P=22000, R=334%R=\frac{33}{4}\%, T=812=23T=\frac{8}{12}=\frac{2}{3} year.

SI=22000×33×24×3×100=14520001200=1210SI=\frac{22000\times 33\times 2}{4\times 3\times 100}=\frac{1452000}{1200}=1210.

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