3 Views

Question : What will be the simple interest on a sum of INR 12,000 at the rate of 15 percent per annum for three years?

Option 1: INR 7,200

Option 2: INR 6,000

Option 3: INR 5,400

Option 4: INR 4,500


Team Careers360 1st Jan, 2024
Answer (1)
Team Careers360 24th Jan, 2024

Correct Answer: INR 5,400


Solution : Given: A sum of INR 12,000 at the rate of 15 percent per annum for three years.
We know, Simple interest = $\frac{\text{Principal × Rate × Time}}{100}=\frac{12000\times 15\times 3}{100}=$ INR 5,400
Hence, the correct answer is INR 5,400.

SSC CGL Complete Guide

Candidates can download this ebook to know all about SSC CGL.

Download EBook

Know More About

Related Questions

TOEFL ® Registrations 2024
Apply
Accepted by more than 11,000 universities in over 150 countries worldwide
Manipal Online M.Com Admissions
Apply
Apply for Online M.Com from Manipal University
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books