QA – Placement Quizzes | Simple Interest | Question 4

George invests an amount of Rs 15800 for 9 months at the rate of 25/4 % per annum. Find out of the simple interest on his investment.
(A) Rs 740
(B) Rs 745.63
(C) Rs 742.63
(D) Rs 740.63


Answer: (D)

Explanation: Given,
Principal = 15800.
Rate = 25/4 % per annum.
Time = 9/12 = 3/4 years.
Hence, SI = 15800×(25/400)×(9/12) = Rs 740.63.

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