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Find the simple interest on Rs. 68,000 at $16 \frac{2}{3}$ % per annum for 9 months.

A. 7800

B. 7680

C. 8700

D. 8500

Correct Answer :

D. 8500

P = Rs.68000,R = 50/3% p.a and T = 9/12 years = 3/4years.

S.I. = (P*R*T)/100 = Rs.(68,000*(50/3)*(3/4)*(1/100))= Rs.8500

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