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A farmer borrowed ₹10000 at 12% per annum for 1 year.
If instead the rate had been 9% per annum,
how much less interest would he have paid in that year?

Class 7Simple InterestComparing Quantities
  • A300
  • B330
  • C600
  • D270

Step-by-Step Solution

At 12%: = ₹1200. At 9%: = ₹900. Difference = 1200 − 900 = ₹300.
Answer: A) 300

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