Multiple choice

What would be the simple interest obtained on an amount of Rs. 7745 at the rate of 10 p.c.p.a. after 6 years?

  1. Rs. 4647

  2. Rs. 4800

  3. Rs. 4700

  4. Rs. 5200

  5. Rs. 4947
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Simple Interest = P × R × T ÷ 100 = 7745 × 10 × 6 ÷ 100 = 7745 × 60 ÷ 100 = 464700 ÷ 100 = Rs. 4647. Options B (4800) is off by 153, C (4700) by 53, D (5200) by 553, E (4947) by 300.

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