Question

Manoj lent $rs15,000$ for $9$ months at the rate of $8$ per annum, the interest being does he receives at the end of $9$ months?

Answer 1

We know

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

$I=\frac{15000\times 8\times 9}{100}$

$I=10800$

It is the simple interest manoj will receive at the end of $9$ months