Multiple Choice Questions on The simple interest accrued on a sum of certain principal is Rs 1000 in 4 years at the rate of 6 pa ........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

The simple interest accrued on a sum of certain principal is Rs 1000 in 4 years at the rate of 6 pa ...........

Quantitative Aptitude ( CCS) Simple Interest
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    The simple interest accrued on a sum of certain principal is Rs.1000 in 4 years at the rate of 6% pa. What would be the SI accrued on thrice of that principal at the rate of 4%pa in 3yrs.

    1055

    Incorrect Answer

    1050

    Incorrect Answer

    1500

    Correct Answer

    1005

    Incorrect Answer
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    Explanation:

    P = (1000*100)/(6*4) = 100000/24 = 4166.6 = 4167
    Interest = (3*4167*4*3)/100 = 1500.12 = 1500

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