Question

# _______ is the interest on £182 at 11% every year over a period of 12 years.

- 200
- 145.8
- 154.2
- 240.24

Hint:

### Obtain the Simple Interest on the principal value by substituting the values of the given data in simple interest formula.

## The correct answer is: 240.24

### I = ? , P = £182 , T = 12 years, R = 0.11

I = PTR

I = 182 × 12 × 0.11= £240.24

>>> Simple Interest =

>>> Simple Interest = 240.24 rupees.

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