Multiple Choice Questions on What would be the simple interest accrued in four years on a principal of Rs 18 440 at the rate of 1........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

What would be the simple interest accrued in four years on a principal of Rs 18 440 at the rate of 1...........

Quant (SSC) Simple Interest
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    What would be the simple interest accrued in four years on a principal of Rs. 18,440 at the rate of 15 pcpa ?

    Rs. 11,075

    Incorrect Answer

    Rs. 11,500

    Incorrect Answer

    Rs. 12,985

    Incorrect Answer
    None of these
    Correct Answer
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    Explanation:

    P = 18,440; R = 15%; T = 4 years
    SI = P × R × T /100
    = 18440 × 15 × 4 /100
    =  Rs. 11,064

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