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QA – Placement Quizzes | Simple Interest | Question 4

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Find out the simple interest if Harry invests an amount of Rs 15800 for 9 months at the rate of 25/4 % per annum. 

(A)

Rs 740.54

(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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Last Updated : 28 Jun, 2021
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