Question

Find the simple interest on Rs 50,000 at a rate of 12$\frac{1}{2}$ per anum for a period of 9 months.

• A. Rs 4787.5
• B. Rs 4887.5
• C. Rs 4687.5
• D. Rs 4897.5

Answer 1

The correct option is C Rs 4687.5

Given
P= ₹ 50,000
T= 9 months= $\frac{9}{12}$years
R= 12$\frac{1}{2}$=$\frac{25}{2}$%
Using S.I formula
S.I = $\frac{P\times R\times T}{100}$

S.I =$\frac{50000\times 25\times 9}{2\times 100\times 12}$

S.I = ₹ 4687.5