The simple interest on \(Rs.\ 4000\) for \(1\) year at \(12\%\) p.a. is（ ）
Answer
B
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Solution
Simple interest \(=\frac{P\times r\times t}{100}\)
Where Principal (P) \( =Rs.\ 4000\)
Rate(r) \(=12\%\) p.a.
Time(t)\(=1 \)year
Putting given values ,we get,
Simple interest \(=\frac{4000\times 12\times 1}{100}=40\times 12\times 1=Rs.\ 480\)
Where Principal (P) \( =Rs.\ 4000\)
Rate(r) \(=12\%\) p.a.
Time(t)\(=1 \)year
Putting given values ,we get,
Simple interest \(=\frac{4000\times 12\times 1}{100}=40\times 12\times 1=Rs.\ 480\)
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