The annual interest is 1\over16 part of its principal, then determine the interest of ₹ 690. The annual interest is for 8 months.
WBBSE
Class X
Mathematics
Simple Interest
02 Mark
2022
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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