Jaya invested Rs 14800 at 8.5% per annum

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Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Simple Interest

Question:

Jaya invested Rs 14800 at 8.5% per annum on simple interest. The interest earned after 6 months is:

Options:

Rs 642

Rs 598

Rs 629

Rs 580

Correct Answer:

Rs 629

Explanation:

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

= $\frac{14800\times8.5\times0.5}{100}$

= Rs 629