A loan of Rs.700 is made at 9.5% simple interest for 4 months. How much interest is owed when the loan is due?  Choose the correct choice from the following answers
A) 22.167
B) 23.167
C) 24.167
D) 25.167
E) 26.167
si=p*r*t/100   =700*9.5*4/100*12   =22.167   22.167NSWER:22.167
<result>A</result>
A loan of Rs.700 is made at 9.5% simple interest for 4 months. How much interest is owed when the loan is due?