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What will be simple interest for 1 yr and 4 months on a sum of RS. 25800 at the rate of 14% per annum?

A) RS.4816
B) RS.2580
C) RS.4816.75
D) RS.4815

Correct Answer:

A) RS.4816

Description for Correct answer:

Here, P = RS. 25800, R = 14%

T = lyr 4 months

= \( \Large1+ \frac{4}{12} =1+\frac{1}{3}=\frac{4}{3}yr \)

According to the formula,

SI= \( \Large \frac{P\times R\times T}{100} \)=\( \Large \frac{25800\times 14\times 4/3}{100} \)

= \( \Large \frac{258\times 14\times 4}{3} \)

= RS.4816

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

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