Multiple choice

Sridevi invested an amount of Rs. 22,600 at simple interest rate 12 p.c.p.a. How much interest will she get after 6 years?

  1. Rs. 16272

  2. Rs. 16462

  3. Rs. 15442

  4. Rs. 16072

  5. Rs. 15242
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Simple Interest formula: SI = (P × R × T) ÷ 100. Here P = Rs. 22,600, R = 12%, T = 6 years. SI = (22600 × 12 × 6) ÷ 100 = 226 × 72 = Rs. 16,272. Option A is correct.

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