Multiple Choice Questions on Amit takes some loan from Akash for 3 yr at the rate of 10 per annum and after 3 yr he gave ba........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

Amit takes some loan from Akash for 3 yr at the rate of 10 per annum and after 3 yr he gave ba...........

Quantitative Aptitude ( CCS) Simple Interest
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     Amit takes some loan from Akash for 3 yr at the rate of 10 % per annum and after 3 yr he gave back Rs 6600 to Akash and completed the payment of his loan. Find the interest paid by Amit.

     Rs 1452.23

    Incorrect Answer

     Rs 2365.23

    Incorrect Answer

     Rs 1523.08

    Correct Answer

     none of the above

    Incorrect Answer
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    Explanation:

     Here, T = 3 yr, R = 10%, A = Rs 6600
    We know that,
    SI = ART/(100+RT) = SI = (6600 × 10 × 3)/(100+10 × 3)
    = (6600 × 30)/(100+30) = Rs 1523.08

    By: Rishu Sondhi
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