QA – Placement Quizzes | Simple Interest | Question 3

What will be the simple interest on Rs 70,000 at 50/3 % per annum after 9 months?
(A) Rs 8750
(B) Rs 8745
(C) Rs 8678
(D) Rs 8555


Answer: (A)

Explanation: Given, Principal (P) = Rs 70000, Rate (R) = 50/3 % per annum and Time (T) = 9/12 = 3/4 years.
Simple Interest (SI) = P×R×T = 70000×(50/300)×(3/4) = Rs 8750.

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