Q16 of 140 Page 196

Interest on Rs 12000 for 1 month at the rate of 10 % per annum is

Given, Principal(P) = 12000


Rate(R) = 10%


Time(T) = 1 month = year


Interest =


=


= 100


⇒ Option A is incorrect as 1200 ≠ 100


⇒ Option B is incorrect as 600 ≠ 100


⇒ Option C is correct as 100 = 100


⇒ Option D is incorrect as 12100 ≠ 100


Hence, option C is the correct one.

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