What will be the simple interest earned

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Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Simple Interest

Question:

What will be the simple interest earned on an amount of ₹22000 in 8 months at $8\frac{1}{4}$% interest per annum?

Options:

₹1013

₹1012

₹1210

₹1215

Correct Answer:

₹1210

Explanation:

Simple Interest = $\frac{P\;R\;T}{100}$,

SI =$\frac{22000\;×\;8.25\;×\;8}{100\;×\;12} = 1210$.