Multiple Choice Questions on What would be the simple interest obtained on a principal of Rs 11050 after six years at the rate of........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

What would be the simple interest obtained on a principal of Rs 11050 after six years at the rate of...........

Quant (SSC) Simple Interest
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    What would be the simple interest obtained on a principal of Rs. 11050 after six years at the rate of 5% per annum ?

    Rs. 3320

    Incorrect Answer

    Rs. 3315

    Correct Answer

    Rs. 3300

    Incorrect Answer

    Rs. 3350

    Incorrect Answer
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    Explanation:

    P = 11050; R = 5%; T = 6 years
    SI = P × R × T /100
    = 11050 × 5 × 6 /100 = Rs. 3315

    By: Amit Kumar
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