ABC26GN4003 · Simple Interest
Subject: General Aptitude · Chapter: Simple Interest · Exam: · Marks: · Difficulty:
At the rate of $8 \frac{1}{2} \%$ p.a. simple interest, a sum of ₹ 4800 will earn how much interest in 2 years 3 months?
(a)₹ 796
(b)₹ 816
(c)₹ 918
(d)₹ 956
Answer
Explanation
$P=₹ 4800, R=8 \frac{1}{2} \%=\frac{17}{2} \%$, $$\begin{aligned} & T=2 \mathrm{yrs} 3 \mathrm{mths}=2 \frac{1}{4} \mathrm{yrs}=\frac{9}{4} \mathrm{yrs} . \\ & \therefore \text { S.I. }=₹\left(4800 \times \frac{17}{2} \times \frac{9}{4} \times \frac{1}{100}\right)=₹ 918 . \end{aligned}$$
Explanation as extracted from the printed page; notation may be imperfect.
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