What is the simple interest on a sum of Rs.99,000 at % per annum for a period of 9 months?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is Option 2 i.e. Rs.9,281.25.
S.I = P × R × T/100
S.I = 99000 × (1/8) × (9/12)/100
S.I = Rs. 9281.25