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WBBSEClass 10MathematicsSimple Interest02 Mark2022 Easy

QQuestion

The annual interest is 1\over16 part of its principal, then determine the interest of ₹ 690. The annual interest is for 8 months.

Exam-ready answer • 02 Mark

Answer

Principal (P) = ₹ 690

Simple interest = 1\over16 × 690 = ₹ 43.125

Interest for 8 months = 8\over12 × 43.125

= ₹ 2\over3 × 43.125

= ₹ 28.75

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