Megha deposited Rs 1000 for 4 months at the rate of Rs 4 paisa per rupee per month. The interest received by her is:

Rs 100

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Rs 120

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Rs 150

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Rs 160

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None of these

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Solution

The correct option is D Rs 160
SI = $1000 \times 4 \times \frac{4}{100}$
SI = 160

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Megha deposited Rs 1000 for 4 months at the rate of Rs 4 paisa per rupee per month. The interest received by her is:

The correct option is D Rs 160SI = 1000×4×4100 SI = 160

The correct option is D Rs 160
SI = $1000 \times 4 \times \frac{4}{100}$
SI = 160