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Find the S.I. on Rs. 4000 for 2 years 6 months at 2 paise per rupee per month.

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Rs. 3000

Rs. 2400

Rs. 4500

Rs. 4000

answer is B.

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Detailed Solution

$P = 4000 T = 2 y r 6 m$

$2 p a i s e / r u p e e / m o n t h$

$24 p a i s e / r u p e e / y e a r$

$24 % / y e a r$

$S I = \frac{4000 \times 2 \frac{1}{2} \times 24}{100}$

$S I = 2400$

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