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Find the simple interest on Rs 2 700 for 8 months...

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Find the simple interest on Rs. 2,700 for 8 months at 5 paisa per rupee per month?

Answer & Solution
Correct Answer: Option D
$$\eqalign{ & {\text{Rate}} = \frac{{5{\text{ paisa}}}}{{1{\text{ rupee}}}} = 5\% \cr & {\text{Time}} = 8{\text{ months}} \cr & {\text{S}}{\text{.I}}{\text{.}} = \frac{{2700 \times 5 \times 8}}{{100}} = 1080 \cr} $$
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