Question 76
In questions 60 to 79, state whether the statements are True or False.
Interest on ₹ 1200 for 112 yr at the rate of 15 % per annum is ₹180.
False
Given, P = ₹ 1200,
T = 112yr=32yr and R=15%
∴ I= P×R×T100=1200×15×32×100
= ₹ 270
So, the interest is ₹ 270.