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The sum required to earn a monthly interest of Rs.1200 at 18% per annum SI is
- a)Rs. 50000
- b)Rs. 60000
- c)Rs. 80000
- d)None of these
Correct answer is option 'C'. Can you explain this answer?
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Most Upvoted Answer
The sum required to earn a monthly interest of Rs.1200 at 18% per annu...
Given, monthly interest = Rs. 1200
Rate of interest = 18% per annum
Let the sum be x.
We know that,
Simple Interest = (P * R * T) / 100
where P is the principal or sum, R is the rate of interest and T is the time period.
As we need to find the sum for a monthly interest, we need to calculate the time period in months.
18% per annum = 1.5% per month (since 12 months in a year)
So, using the formula of simple interest, we get:
1200 = (x * 1.5 * 1) / 100
120000 = 1.5x
x = 80000
Therefore, the sum required to earn a monthly interest of Rs. 1200 at 18% per annum SI is Rs. 80000.
Rate of interest = 18% per annum
Let the sum be x.
We know that,
Simple Interest = (P * R * T) / 100
where P is the principal or sum, R is the rate of interest and T is the time period.
As we need to find the sum for a monthly interest, we need to calculate the time period in months.
18% per annum = 1.5% per month (since 12 months in a year)
So, using the formula of simple interest, we get:
1200 = (x * 1.5 * 1) / 100
120000 = 1.5x
x = 80000
Therefore, the sum required to earn a monthly interest of Rs. 1200 at 18% per annum SI is Rs. 80000.
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Community Answer
The sum required to earn a monthly interest of Rs.1200 at 18% per annu...
SI=P*R*T
1200=P* 18*1/100*12
1200= p*18*1200
1200*1200 = p 18
1440000/18=p
80000
1200=P* 18*1/100*12
1200= p*18*1200
1200*1200 = p 18
1440000/18=p
80000
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The sum required to earn a monthly interest of Rs.1200 at 18% per annum SI isa)Rs. 50000b)Rs. 60000c)Rs. 80000d)None of theseCorrect answer is option 'C'. Can you explain this answer?
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