Kirti took a loan of Rs. 800 at the rate of 11% per year (simple interest) for 7 months. After seven…
The correct choice is: “Rs. 851” Simple interest = P × R × T = 800 × 11/100 × 7/12 = 616/12 ≈ Rs. 51.33. Amount = 800 + 51.33 = Rs. 851.33 ≈ Rs. 851.
Choose your answer
Kirti took a loan of Rs. 800 at the rate of 11% per year (simple interest) for 7 months. After seven months she has to pay (to the nearest rupee)
Answer and explanation
Correct answer A
The correct choice is: “Rs. 851”
Simple interest = P × R × T = 800 × 11/100 × 7/12 = 616/12 ≈ Rs. 51.33.
Amount = 800 + 51.33 = Rs. 851.33 ≈ Rs. 851.
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