ABC26GN4000 · Simple Interest

Subject: General Aptitude · Chapter: Simple Interest · Exam: 2007 · Marks: · Difficulty:

What would be the simple interest obtained on an amount of ₹ 5760 at the rate of 6 p.c.p.a. after 3 years.?

(a)₹ 1036.80

(b)₹ 1063.80

(c)₹ 1336.80

(d)₹ 1666.80

(e)None of these

Answer

Answer (as printed): A

Explanation

$P=₹ 5760, R=6 \%, T=3 \mathrm{yrs}$. $$\text { ∴ S.I. }=₹\left(\frac{5760 \times 6 \times 3}{100}\right)=₹ 1036.80 .$$

Explanation as extracted from the printed page; notation may be imperfect.