What will be the simple interest on Rs. 80,000 at 16(2/3) % per annum for 9 months?
Pick one:
A) 8,000	B) 9,000	C) 10,000	D) 11,000	E) None of these
Explanation:   Given:   1) Principal = Rs. 80,000   2) Rate of interest = 16(2/3)%   3) Time = 9 months   Rate of interest = 16(2/3)%=50/3   Time =	9/12=3/4 years   Simple Interest =	(P × R × T)/100   Substituting the given values, we get   Simple Interest =	80,000/100	×	50/3	×	3/4   Simple Interest = Rs.10,000   ANSWER IS 10,000
<result>C</result>
What will be the simple interest on Rs. 80,000 at 16(2/3) % per annum for 9 months?