ABC26GN4103 · Simple Interest
Subject: General Aptitude · Chapter: Simple Interest · Exam: 2016 · Marks: · Difficulty:
Find the amount to be received after 2 years 6 months at the rate of 5\% p.a. of simple interest on a sum of ₹ 3200.
(a)₹ 3800
(b)₹ 3500
(c)₹ 3600
(d)₹ 3900
Answer
Explanation
Rate of interest = 5% p.a. Sum = ₹3200. Time = 2 years 6 months = $2\frac{1}{2}$ years = $\frac{5}{2}$ years. S.I. $=\frac{\text{Principal} \times \text{Time} \times \text{Rate}}{100}=\frac{3200 \times 5 \times 5}{2 \times 100}=₹400$. ∴ Amount = Sum + S.I. = (3200+400) = ₹3600.
Explanation as extracted from the printed page; notation may be imperfect.
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