What will be the simple interest earned on an amount of Rs. 16,800 in 9 months at the rate of $$6\frac{1}{4}$$ % p.a. ?

A. Rs. 787.50

B. Rs. 812.50

C. Rs. 860

D. Rs. 887.50

Answer: Option A

Solution(By Examveda Team)

$$\eqalign{ & {\text{P}} = {\text{Rs}}{\text{. }}16800 \cr & {\text{R}} = 6\frac{1}{4}\% = \frac{{25}}{4}\% \cr & {\text{T}} = 9\,{\text{mths}} = \frac{3}{4}{\text{yr}}{\text{.}} \cr & \therefore {\text{S}}{\text{.I}}{\text{.}} = {\text{Rs}}{\text{.}}\left( {16800 \times \frac{{25}}{4} \times \frac{3}{4} \times \frac{1}{{100}}} \right) \cr & = {\text{Rs}}{\text{.}}\,787.50 \cr} $$