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Discussion :: Simple Interest

  1. How much interest can a person get on Rs. 8200 at 17.5% p.a. simple interest for a period of two years and six months?
    2. A.
    Rs. 3770
    B.
    Rs. 2850.50
    C.
    Rs. 3587.50
    D.
    Rs. 3750
    E.
    None of these

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    Workspace

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    Answer : Option C

    Explanation :

    I = (8200 * 2.5 * 17.5)/100 = (8200 * 5 * 35)/(100 * 2 * 2) = Rs. 3587.50

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