Question : Find the Simple Interest on INR 27,000 at $14 \frac{2}{3}$% per annum for 8 months.
Option 1: INR 2,600
Option 2: INR 2,630
Option 3: INR 2,610
Option 4: INR 2,640
Latest: SSC CGL preparation tips to crack the exam
Don't Miss: SSC CGL complete guide
New: Unlock 10% OFF on PTE Academic. Use Code: 'C360SPL10'
Correct Answer: INR 2,640
Solution : Given: Principal = INR 27,000 Rate of interest = $14 \frac{2}{3}$% Time period = 8 months = $\frac{8}{12}=\frac{2}{3}$ year. Simple interest = $\frac{\text{Principal × Rate × Time}}{100}$ = $\frac{27000×\frac{44}{3}×\frac{2}{3}}{100}$ = 60 × 44 = INR 2,640. Hence, the correct answer is INR 2,640.
Candidates can download this ebook to know all about SSC CGL.
Answer Key | Eligibility | Application | Selection Process | Preparation Tips | Result | Admit Card
Question : A certain sum amounts to INR 3,640 in 2 years and INR 4,060 in 8 years at simple interest. Find the approximate rate percentage per annum.
Question : The interest earned on INR 21,000 in 3 years at Simple Interest is INR 6,400. What is the rate of interest per annum?
Question : A man invests a total sum of INR 10,000 in a company. A part of the sum was invested at 10% simple interest per annum and the remaining part, at 15% simple interest per annum. If the total interest accrued in two years equals INR 2,400, the sum invested at 15% simple
Question : The simple interest on a certain sum at the rate of 12.5% per annum for 6 years is INR 13,500 less than the principal. Find the simple interest.
Question : Monty paid a simple interest of INR 480 on a particular sum after 2 years. The rate was 8% per annum. Find the sum.
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile