InterviewSolution
Saved Bookmarks
| 1. |
What would be the simple interest obtained on an amount of Rs. 6,535 at the rate of 10% per annum after 6 years?1. Rs. 34142. Rs. 31493. Rs. 38074. Rs. 3921 |
|
Answer» Correct Answer - Option 4 : Rs. 3921 Given: Principal = Rs 6,535 Rate of interest = 10% Time in years = 6 years Concept used: Simple interest, SI = (P × N × R)/100 Where P is principal, N is the number of terms and R is the rate of interest. Calculation: SI = 6535 × 6 × 10/100 = Rs 3,921 ∴ The simple interest obtained is Rs 3,921. |
|