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Find the simple interest due after 120 days for Rs. 4800 at 10%?

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Find the simple interest due after 120 days for Rs. 4800 at 10%?
1. 157.80
2. 157
3. 156.01
4. 124.93
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Correct Answer - Option 1 : 157.80

Given:

Number of days = 120 days

Principal = Rs 4800

Rate of interest = 10%

Concept used:

Simple interest, SI = P × R × T/100

Calculation:

SI = 4800 × (120/365) × (10/100) = Rs. 157.80

∴ The simple interest obtained is Rs 157.80.

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