How much simple interest will ?

How much simple interest will Rs. 2000 earn in 18 months at 6% per annum?

  1. 120
  2. 180
  3. 216
  4. 2
mahendra Default Asked on 25th July 2015 in Maths.
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1 Answer(s)

Answer: (2). 180

Given:

Principal = P = 2000,

Rate = R = 6% per annum,

Time = T = 18 months = 1.5 year.

Simple interest = PRT ÷ 100

S.I = (2000x6x1.5) ÷ 100

S.I = 180

 

vijay Professor Answered on 25th July 2015.
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