Question

Question 76

In questions 60 to 79, state whether the statements are True or False.
Interest on ₹ 1200 for $1\frac{1}{2}$ yr at the rate of 15 % per annum is ₹180.

Answer 1

False
Given, P = ₹ 1200,
T = $1\frac{1}{2}yr=\frac{3}{2}yrandR=15\%$

$\therefore I=\frac{P\times R\times T}{100}=\frac{1200\times 15\times 3}{2\times 100}$

= ₹ 270

So, the interest is ₹ 270.