What would be the total interest (in Taka) due on a loan of Tk. 00 at 6% simple interest per annum at the end of 30 months?
Solution
Correct Answer: Option A
interest of 100 tk in 12 month is 6 tk interest of 1 tk in 1 month is 6/12x100 tk interest of 600 tk in 12 month is 6x600/12x100 tk=90 tk
Practice More Questions on Our App!
Download our app for free and access thousands of MCQ questions with detailed solutions