Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Simple Interest

Question:

What will be the simple interest on a principal of Rs 2400 for 6 years at the rate of 8 percent per annum?

Options:

Rs 1082

Rs 972

Rs 1232

Rs 1152

Correct Answer:

Rs 1152

Explanation:

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

Here, P = Rs 2400, R = 8%, T = 6 years 

⇒ Simple Interest = $\frac{2400 \times 8 \times 6}{100}$

                           = Rs 1152