Arithmeticeasy · Past Paper
What is the interest on Rs. 1 for 1 year at 1 paisa per rupee per month?
A12 paisa
B1 paisa
C1 rupee
D10 paisa
✓ Correct Answer: A — 12 paisa
1 paisa per month for 12 months equals 12 paisa interest.
Share this question
More from Arithmetic
- What is the SP of a Rs. 1,000 item after a 20% discount and 10% VAT?
- The marked price of an item is Rs. 1,500. If a discount of 20% is given, find the selling price.
- If the value of a machine is V and it depreciates at R% per year, what is its value after 1 year?
- The interest calculated on the principal alone is called:
- If interest is compounded quarterly, the rate used in the formula is: