Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Simple Interest

Question:

Find the simple interest on ₹68000 at 16\(\frac{2}{3}\) % per annum for 9 months.

Options:

₹7500

₹8200

₹8500

₹8800

Correct Answer:

₹8500

Explanation:

16\(\frac{2}{3}\) % = \(\frac{1}{6}\) 

SI = \(\frac{PRT}{100}\)

SI = \(\frac{68000 × 1 × 9}{12 × 6 }\) 

SI = 8500