Simple Interest - Quantitative Aptitude (MCQ) questions for Q. 20420

Q.  Find the simple interest on Rs. 78000 at 15(2/5) % per annum for 9 months.
- Published on 07 Jul 17

a. Rs. 7804
b. Rs. 8979
c. Rs. 8046
d. Rs. 9009

ANSWER: Rs. 9009
 
P = Rs. 78000, R = 77/5 % p.a and T = 9/12 years = ¾ years
Therefore,
S.I = (P*R*T)/100
= (78000* 77/5 * ¾ * 1/100)
= Rs. 9009

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