ABC26GN4004 · Simple Interest
Subject: General Aptitude · Chapter: Simple Interest · Exam: · Marks: · Difficulty:
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
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.
Open in whiteboard · Browse this chapter in the app