New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    A sum, when invested at 12(½)% simple interest per

    annum, amounts to ₹8,250 after 2 years. What is the simple interest?
    A ₹1,820 Correct Answer Incorrect Answer
    B ₹1,650 Correct Answer Incorrect Answer
    C ₹1,910 Correct Answer Incorrect Answer
    D ₹1,700 Correct Answer Incorrect Answer

    Solution

    ATQ,

    Let principal = P Amount = ₹8250, Rate = 12.5%, Time = 2 years Hence, SI = 8250 − 6600 = ₹1650 ​

    Practice Next

    Relevant for Exams: