What is the simple interest on Rs. 15,580 for 1 year 6 months at 5% per annum?
- Rs. 1168.50
- Rs. 1010
- Rs. 1340
- Rs. 1558
Explanation
:SI = (P × R × T)/100
= (15580 × 5 × 1.5)/100
= Rs. 1168.50
Related MCQs
Leave a Reply
Your email address will not be published. Required fields are marked *