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## #1 2016-01-21 05:03:31

### What will be the simple interest on Rs. 700 at 9%?

# Mathematics Quizzes Interest

**Question:**

What will be the simple interest on Rs. 700 at 9% per annum for the period from February 5, 1994 to April 18, 1994?

**Option A):**

Rs. 15**Option B):**

Rs. 13**Option C):**

Rs. 11.30**Option D):**

Rs. 12.60**Option E):**

None of these

**Correct Answer is Option D):**

Rs. 12.60

**Explanation:**

Here, time interval is given as February 5, 1994 to April 18, 1994 = 72 days = 72/365 = 0.197 years;

Now, interest = PTR/100;

= (700*9*0.197)/100;

= Rs. 12.41.

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## 2016-01-21 05:03:31

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### Re: What will be the simple interest on Rs. 700 at 9%?

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