Solve the question of Interest and select the option from the choices A through D/E. Check your Answer and view the explanation.
Using Simple Interest formula: I = Prt
So, by putting the values in the above formula, our result will be.
I = 7000 × 50 × 9 3 × 12 × 100 = 875
[Please note that we have divided by 12 as we converted 9 months in a year format]