What will be the simple interest earned on an amount of ₹ 16,800 in 9 months at the rate of 6 1/4% p.a. ? · ABC26GN4004
Subject: General Aptitude · Chapter: Simple Interest
What will be the simple interest earned on an amount of ₹ 16,800 in 9 months at the rate of $6 \frac{1}{4} \%$ p.a. ?
(a)₹ 787.50
(b)₹ 812.50
(c)₹ 860
(d)₹ 887.50
Answer
No answer key was printed for this question.
Explanation
$P=₹ 16800, R=6 \frac{1}{4} \%=\frac{25}{4} \%, T=9 \mathrm{mths}=\frac{3}{4} \mathrm{yr}$. $$\text { ∴ S.I. }=₹\left(16800 \times \frac{25}{4} \times \frac{3}{4} \times \frac{1}{100}\right)=₹ 787.50 .$$
Explanation as extracted from the printed page; notation may be imperfect.
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