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Question
Interest on ₹ 1200 for `1 1/2` years at the rate of 15% per annum is ₹ 180.
Options
True
False
Solution
This statement is False.
Explanation:
Given, P = ₹ 1200, T = `1 1/2` yr = `3/2` yr and R = 15%
∴ I = `(P xx R xx T)/100`
= `(1200 xx 15 xx 3)/(2 xx 100)`
= ₹ 270
So, the interest is ₹ 270.
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