Multiple choice

What will be simple interest on an amount of Rs. 10200 at the rate of 13 p.c.p.a. for 7 years?

  1. Rs. 9172

  2. Rs. 9256

  3. Rs. 9318

  4. Rs. 9035

  5. None of these
Reveal answer Fill a bubble to check yourself
E Correct answer
Explanation

Simple Interest = (Principal × Rate × Time)/100 = (10200 × 13 × 7)/100 = 10200 × 91/100 = 9282. None of the given options (9172, 9256, 9318, 9035) match Rs. 9282, so option E (None of these) is correct.

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