Q. 164.3( 3 Votes )
Interest on Rs 12 A. Rs 1200
B. Rs 600
C. Rs 100
D. Rs 12100
Answer :
Given, Principal(P) = 12000
Rate(R) = 10%
Time(T) = 1 month = 
year
Interest = 
= 
= 100
⇒ Option A is incorrect as 1200 ≠ 100
⇒ Option B is incorrect as 600 ≠ 100
⇒ Option C is correct as 100 = 100
⇒ Option D is incorrect as 12100 ≠ 100
Hence, option C is the correct one.
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