What will be the simple interest earned on an amount of Tk. 16,800 in 9 months at the rate of 6(1/4)% p.a?

What will be the simple interest earned on an amount of Tk. 16,800 in 9 months at the rate of 6(1/4)% p.a?

A Tk. 812.50

B Tk. 787.50

C Tk. 860

D Tk. 887.50

Solution

Correct Answer: Option B