WBBSEClass XMathematicsSimple Interest01 Mark2025 Easy

QQuestion

Simple interest of ₹ Y for Z month at the rate of X% per annum is

(a) ₹ XYZ/1200

(b) ₹ XYZ/100

(c) ₹ 200

(d) ₹ XYZ/120

Exam-ready answer 01 Mark

Answer

(a) ₹ XYZ/1200

Explanation:

Simple Interest formula:

SI = (P × R × T) / 100

where

  • P = Y (Principal amount)
  • R = X% (Rate of interest per annum)
  • T = Z/12 years (since Z months = Z/12 years)

So,

SI = (Y × X × Z) / (100 × 12)

= (Y × X × Z) / 1200

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