Find the interest on ₹800 at 6% per month for 10 months.

₹480

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₹450

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₹400

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₹430

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Solution

The correct option is A
₹480

Given: Principal, P = ₹800
Rate of interest, R = 6% per month
Time period, T = 10 months

$Simple interest, S.I = \frac{P \times R \times T}{100} = \frac{800 \times 6 \times 10}{100} = ₹ 480$

$∴ S.I. = ₹ 480$

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