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# Interest on ₹1200 for 1 1/2 years at the rate of 15% per annum is ₹180. State whether the statement is true or false

**Solution:**

Interest on ₹1200 for 1 1/2 years at the rate of 15% per annum is ₹180.

We have to determine if the given statement is true or false.

According to the question,

P = ₹1200

R = 15%

T = 1 1/2 years = 1 + 1/2 = 3/2 years

I = P × R × T/100

= 1200 × 15 × 3/100 × 2

= 12 × 15 × 3/2

= 6 × 15 × 3

= ₹270

Therefore, the interest is ₹270.

**✦ Try This: **Interest on ₹1600 for 2 1/4 years at the rate of 13% per annum is ₹1920. State whether the statement is true or false.

**☛ Also Check: **NCERT Solutions for Class 7 Maths Chapter 8

**NCERT Exemplar Class 7 Maths Chapter 7 Problem 76**

## Interest on ₹1200 for 1 1/2 years at the rate of 15% per annum is ₹180. State whether the statement is true or false

**Summary:**

The given statement,”Interest on ₹1200 for 1 1/2 years at the rate of 15% per annum is ₹180” is false.

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