Question

The simple interest on Rs. 400 for 8 months at 5 paise per rupee per month is

• A. Rs.120
• B. Rs.160
• C. Rs. 200
• D. Rs. 550

Answer 1

The correct option is B Rs.160

Amount=400 Rs.
Time=8 Months
Interest=5 Paise per rupee
$SimpleInterest=400\times 8\times \frac{1}{20}=160Rs.$