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9. Commercial arithmetic
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Q15 of 59 Page 147

In what time will the simple interest on a certain sum be 0.24 times the principal at 12% per annum?

Given: Let Principle be ₹ P, Rate = 12% per annum, Simple Interest =0.24P




⇒ t = 2 years


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Find the amount of ₹ 30,000 from 15th January 2010 to 10th August 2010 at 12% per annum.

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Questions · 59
9. Commercial arithmetic
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