Q.At an annual simple interest rate of 10%, the interest on a rupees for b months is— (a) ₹ \(\cfrac{ab}{100}\) (b) ₹ \(\cfrac{ab}{120}\) (c) ₹ \(\cfrac{ab}{1200}\) (d) ₹ \(\cfrac{ab}{10}\)
Answer: B
Principal \((p) = a\) rupees
Time \((t) = \cfrac{b}{12}\) years
Rate of interest \((r) = 10 \%\)
∴ Interest \((I) = \cfrac{ptr}{100}\)
\(= \cfrac{a × \cfrac{b}{12} × 10}{100}\) rupees
\(= \cfrac{10ab}{1200} = \cfrac{ab}{120}\) rupees
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