Update

Muft Shiksha™ एक 100% Free Education Portal है 🇮🇳, जिसका उद्देश्य Class 9–12 के हर विद्यार्थी तक High-Quality Education को पूरी तरह मुफ्त पहुँचाना है। 🇮🇳 हम मानते हैं कि अच्छी शिक्षा किसी student की आर्थिक स्थिति पर निर्भर नहीं होनी चाहिए। 🇮🇳 हर विद्यार्थी को वही Quality Study Material, MCQs, Quizzes, Exam Preparation, Concept-Based Learning और Bilingual Support मिलना चाहिए, जो आमतौर पर महंगी Coaching या Premium Platforms में मिलता है। Muft Shiksha™ 🇮🇳 इसी सोच के साथ बनाया गया है

Subjects
0 reads0 ratings0 helpful

A's average capital is Rs 80,000 and the rate of interest on capital is 9% per annum. What is the annual interest on the capital?

Answer and explanation

Correct answer: Rs 7200

Interest = average capital × rate = Rs 80,000 × 9% = Rs 80,000 × 9/100 = Rs 7,200. Option B (Rs 8,000) is incorrect because that equals 10% of the capital; options C (Rs 9,000) and D (Rs 72,000) are also incorrect and represent wrong percentage values. Exam tip: multiply the amount by 0.09 (or 9/100) to get the interest quickly and avoid percentage conversion errors.

Related tags

Average CapitalInterest On CapitalPartnership AccountsPercentage CalculationNumerical ProblemCapital AccountsPartnership Accounts Basic ConceptsAccountancy

Was this question useful?

No ratings yetWrite a review / Rate this question

Student Reviews

No published reviews yet.

Add Muft Shiksha to your Home Screen

In Safari, tap Share, then Add to Home Screen.