Interest on Rs.500 at 12% p.a. for 1 yea...

Interest on Rs.500 at `12%` p.a. for 1 year is _______.

A

50

B

60

C

70

D

80

Verified by Experts

The correct Answer is:

B

`I=(PTR)/(100)=(500xx1xx12)/(100)=60`
Hence, the correct option is (b).

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