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Q.

What will be the simple interest on Rs 6300 at 8% per annum for 8 months?


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a

Rs. 356

b

Rs. 348

c

Rs. 336

d

Rs. 360 

answer is C.

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Detailed Solution

We are given that, PQuestion Image RQuestion Image T=8 months.
We have,
S.I= P×R×T 100  
Where, S.I is simple interest. P=principal. R=rate percent. T=time.
Converting the given time into years:
  ⇒ 8 12  years ⇒ 2 3  years  
Now, using the formula for simple interest,
S.I= P×R×T 100  
Question ImageThe simple interest is S.I= P×R×T 100  
Therefore, the correct option is 3.
 
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