How much interest can a person get on Rs. 5000 at 18% p.a. simple interest for a period of three ...
How much interest can a person get on Rs. 5000 at 18% p.a. simple interest for a period of three years and six months?
Answer/Solution
3150
Steps/Work
I = (5000 * 3.5 * 18)/100
= (5000 * 7 * 18)/(100 * 2)
= Rs. 3150
Answer: A
= (5000 * 7 * 18)/(100 * 2)
= Rs. 3150
Answer: A