Suraj takes a loan of ₹ 8,000 to buy a used truck at the rate of 9 % simple interest per annum. Calculate the annual interest to be paid for the loan amount.

₹800

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₹900

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₹720

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₹750

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Solution

The correct option is C ₹720
Given
Principal = P = ₹ 8000 and R = 9% T = 1
$\Rightarrow S . I = \frac{P R T}{100}$

Substituting, we get

$\Rightarrow \frac{8000 \times 9 \times 1}{100}$

= ₹ 720

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Suraj takes a loan of ₹ 8,000 to buy a used truck at the rate of 9 % simple interest per annum. Calculate the annual interest to be paid for the loan amount.

The correct option is C ₹720Given Principal = P = ₹ 8000 and R = 9% T = 1 ⇒S.I=PRT100 Substituting, we get ⇒8000×9×1100 = ₹ 720

The correct option is C ₹720
Given
Principal = P = ₹ 8000 and R = 9% T = 1
$\Rightarrow S . I = \frac{P R T}{100}$

Substituting, we get

$\Rightarrow \frac{8000 \times 9 \times 1}{100}$

= ₹ 720