Multiple Choice Questions on The simple interest on Rs 10 for 4 months at the rate of 3 paise per month is ........ for Mathematics - All Exams Preparation

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Multiple Choice Questions

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

Quant (SSC) Simple Interest
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    The simple interest on Rs.10 for 4 months at the rate of 3 paise per month is

    0.3 Paise

    Incorrect Answer

    1.2 Paise

    Correct Answer

    30 Paise

    Incorrect Answer

    3 Paise

    Incorrect Answer
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    Explanation:

    Given Principal amount P = Rs. 10
    Time T = 4 months
    Rate of interest R = 3 ps
    Interest I = PTR/100 = (10 x 4 x 3)/100 = 12/10 = 1.2 paise.

    By: MIRZA SADDAM HUSSAIN
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