Question. Find the simple interest on Rs.500 for 9 months at 6 paisa per month?
Options:
(A) Rs.345
(B) Rs.270
(C) Rs.275
(D) Rs.324
(E) Rs.325
Answer. (B)
What step-by-step reasoning justifies that answer?
Reasoning: I = (500*9*6)/100 = 270