Final answer:
The interest earned on the amount of Rs 12,000 at a rate of 6% per annum for 288 days would be Rs 566.88.
Step-by-step explanation:
The question is asking whether the amount of Rs 12,000 will increase or decrease if it is invested at a 6% per annum interest rate for 288 days. To answer this, we can use the formula for simple interest:
Simple Interest = Principal * Rate * Time
Plugging in the values, we get:
- Principal (P) = Rs 12,000
- Rate (R) = 6% per annum = 6/100 = 0.06
- Time (T) = 288 days
Converting the time to years, we have: T = 288/365.25 (assuming a leap year) = 0.788 years
Now we can calculate the simple interest:
Simple Interest = Rs 12,000 * 0.06 * 0.788 = Rs 566.88
Therefore, the interest earned on the amount of Rs 12,000 at a rate of 6% per annum for 288 days would be Rs 566.88. The answer is a) True.