Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Simple Interest

Question:

How much simple interest will a sum of Rs. 4800 earn at $10\frac{1}{2}$% per annum in 2 years 3 months?

Options:

Rs. 918

Rs. 1134

Rs. 1234

Rs. 1256

Correct Answer:

Rs. 1134

Explanation:

We know that ,

Simple interest = \(\frac{P × R  ×T }{100}\)

2 years 3 months = 2.25 years

= \(\frac{4800 × 10.5  ×2.25 }{100}\)

= Rs.1134