Question

What is the simple interest if the sum of money is ₹ 4800 and the interest rate is 8.5% for time period of 2 years 3 months?

• A. Rs 918
• B. Rs 1078
• C. Rs 838
• D. Rs 728

Answer 1

The correct option is A

Rs 918

Time = 2 years 3months

= $2\frac{1}{4}$ years

= $\frac{9}{4}$ years

S.I. = ₹ $(4800\times \frac{17}{2}\times \frac{9}{4}\times \frac{1}{100})$

= ₹ 918

Hence, the simple interest is ₹ 918.