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    Question

    What is the Simple Interest earned on Rs.2400 in 4 years

    6 months at the rate of 4.5% per annum?
    A Rs.816 Correct Answer Incorrect Answer
    B Rs.926 Correct Answer Incorrect Answer
    C Rs.486 Correct Answer Incorrect Answer
    D Rs.796 Correct Answer Incorrect Answer

    Solution

    P = Rs. 2400,   r = 4.5% and t = 4 years 6 month = (4 + 1/2) = 9/2 year As we know, SI=P × r × t/100 SI = (2400 x 4.5 x 9)/ (100 × 2)   SI = 486 Rs.

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