AFCAT II 24 Aug 2025 Shift 1 Paper

Simple Interest formula: SI=(P×R×T)∕100
Where:
- P= Principal amount (Rs. 1,200)
- R = Rate of interest per annum
- T= Time (1 month = 1/12 year)
Calculation:
Correct Principal amount P=2,540−1,340=1,200
Interest amount I=1,205−1,200=5
Using the Simple Interest formula:
‌5=(1,200×R×1∕12)∕100
‌⇒5=(1,200×R)∕1,200
‌⇒R=5%