QA – Placement Quizzes | Simple Interest | Question 4
Find out the simple interest if Harry invests an amount of Rs 15800 for 9 months at the rate of 25/4 % per annum.
Given, Principal = 15800. Rate = 25/4 % per annum. Time = 9/12 = 3/4 years. Hence, SI = 15800×(25/400)×(9/12) = Rs 740.63.
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