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