Latha deposited an amount of ₹35,000 i

CUET Preparation Today

Start Free Mocks

Home Questions U6U5DFSNXK

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Simple Interest

Question:

Latha deposited an amount of ₹35,000 in a bank with simple interest 11% per annum. How much interest will she earn after one year?

Options:

₹3,370

₹3,500

₹3,850

₹3,220

Correct Answer:

₹3,850

Explanation:

Formula Used

SI= \(\frac{P x R x T }{100}\)

= \(\frac{35000 x 11 x 1 }{100}\)

= Rs. 3850/-