On 1st April, the capital of M is Rs. 50,000, and the rate of interest is 10% p.a. The capital is returned on 31st December. is the interest amount.

Rs. 3,700

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Rs. 3,750

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Rs. 3,800

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Rs. 3,705

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Solution

The correct option is B Rs. 3,750
The period from April to December = 9 months
Interest on capital
= Capital * Rate of interest * Period
= Rs. 50,000 * 10/100 * 9/12
= Rs. 3,750

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On 1st April, the capital of M is Rs. 50,000, and the rate of interest is 10% p.a. The capital is returned on 31st December. is the interest amount.

The correct option is B Rs. 3,750The period from April to December = 9 months Interest on capital = Capital * Rate of interest * Period = Rs. 50,000 * 10/100 * 9/12 = Rs. 3,750

The correct option is B Rs. 3,750
The period from April to December = 9 months
Interest on capital
= Capital * Rate of interest * Period
= Rs. 50,000 * 10/100 * 9/12
= Rs. 3,750