Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Simple Interest

Question:

The simple interest of Rs 6500 for $1\frac{1}{2}$ years at 10% is

Options:

945

950

960

975

Correct Answer:

975

Explanation:

P = 6500

R = 10% p.a.

T = 1.5 years

Simple interest = 6500*10*1.5/100 = 975

The correct answer is Option (4) → 975