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Practice mode Simple Interest

What is the simple interest on Rs. 7,300 at 9% per annum for 8 months?

Correct answer D. Rs. 438

Explanation

Time = 8/12 year. SI = 7300 × 9 × (8/12) / 100 = Rs. 438. Yearly interest would be Rs. 657, and two-thirds of that is Rs. 438.

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