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What would be the simple interest accrued in 4 yr on a principle of RS. 18440 at the rate 15% per annum?

A) RS.11075
B) RS.12250
C) RS.11500
D) RS.11064

Correct Answer:




D) RS.11064

Description for Correct answer:

Given, P = 18440, R = 15%, T =4

Simple interest (SI) = \( \Large \frac{T\times P\times R}{100} \)

=\( \Large \frac{4\times 18440\times 15}{100} \) = RS.11064

Part of solved Simple and compound interest questions and answers : >> Aptitude >> Simple and compound interest

Comments

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