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# Interest on ₹12000 for 1 month at the rate of 10 % per annum is

(a) ₹1200

(b) ₹600

(c) ₹100

(d) ₹121

**Solution:**

Given, the sum is ₹12000

We have to find the interest for 1 month at the rate of 10% per annum

__Interest__, I = P × R × T/100

According to the question,

P = ₹12000

R = 10%

T = 1 month = 1/12 year

I = 12000 × 10 × 1/100 × 12

= 120 × 10/12

= 1200/12

= ₹100

Therefore, the interest is ₹100

**✦ Try This: **Interest on ₹9000 for 5 months at the rate of 12% per annum is

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

**NCERT Exemplar Class 7 Maths Chapter 7 Problem 16**

## Interest on ₹12000 for 1 month at the rate of 10 % per annum is (a) ₹1200, (b) ₹600, (c) ₹100, (d) ₹121

**Summary:**

Interest on ₹12000 for 1 month at the rate of 10 % per annum is ₹100

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