Question

Find the interest on INR $600$ for $2$ years at the rate of $2$ paise per rupee per month-

• A. $288$
• B. $250$
• C. $150$
• D. $160$

Answer 1

Answer: (A)

$288$

P$=600$ , T$=2$ , R$=2paise/rupee/month=\frac{2\times 12}{100}=24\%$

Interest$=\frac{PRT}{100}$

$=\frac{600\times 2\times 24}{100}$

$=288$

$\therefore$ the interest is $288$.