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Simple interest

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  1. At the rate of 81/2% per annum simple interest, a sum of ₹ 5800 will earn how much interest in 2 yr 3 months ?
    1. ₹ 1300
    2. ₹ 1109
    3. ₹ 1509
    4. ₹ 1725
    5. None of the above
Correct Option: B

Time = 2 yr 3 months = 21/4 yr = 9/4 yr
∴ SI = [5800 x (17/2) x (9/4)] / 100
= 8874/8
= ₹ 1109.25
= ₹ 1109


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