The simple interest on ₹ 10 for 4 months at the rate of 3 paise per rupee per month is · ABC26GN4038

Subject: General Aptitude · Chapter: Simple Interest

The simple interest on ₹ 10 for 4 months at the rate of 3 paise per rupee per month is

(a)₹ 1.20

(b)₹ 1.60

(c)₹ 2.40

(d)₹ 3.60

Answer

Answer (as printed): A

Explanation

S.I. $=₹\left(10 \times \frac{3}{100} \times 4\right)=₹ 1.20$.

Explanation as extracted from the printed page; notation may be imperfect.

Study loop for Simple Interest