The interest on Rs.54,000 loan for nine months at 8% interest per year is

Last updated Oct 16, 2026

Correct Answer: Option C — 3240

Annual Interest: $54,000 \times 8\% = 4,320$ (Interest for one full year)Monthly Interest: $4,320 \div 12 = 360$ (Interest for one month)Interest for 9 Months: $360 \times 9 = 3,240$

Answer verified by Quintessence Classes faculty — Karan Nagar, Srinagar.

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The interest on Rs.54,000 loan for nine months at 8% interest per year is

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