Interest on ₹12000 for 1 month at the rate of 10 % per annum is
(a) ₹1200
(b) ₹600
(c) ₹100
(d) ₹121

Solution:

Given, the sum is ₹12000

We have to find the interest for 1 month at the rate of 10% per annum

Interest, I = P × R × T/100

According to the question,

P = ₹12000

R = 10%

T = 1 month = 1/12 year

I = 12000 × 10 × 1/100 × 12

= 120 × 10/12

= 1200/12

= ₹100

Therefore, the interest is ₹100

✦ Try This: Interest on ₹9000 for 5 months at the rate of 12% per annum is

☛ Also Check: NCERT Solutions for Class 7 Maths Chapter 8

NCERT Exemplar Class 7 Maths Chapter 7 Problem 16

Interest on ₹12000 for 1 month at the rate of 10 % per annum is (a) ₹1200, (b) ₹600, (c) ₹100, (d) ₹121

Summary:

Interest on ₹12000 for 1 month at the rate of 10 % per annum is ₹100

☛ Related Questions:

• Rajni and Mohini deposited ₹3000 and ₹4000 in a company at the rate of 10% per annum for 3 years and . . . .
• If 90% of x is 315 km, then the value of x is (a) 325 km, (b) 350 km, (c) 405 km, (d) 340 km
• On selling an article for ₹329, a dealer lost 6%. The cost price of the article is (a) ₹310.37, (b) . . . .