Simple Interest Practice Test 3

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Question : 13 of 40

Marks: +1, -0

Find the simple interest on Rs 72,000 at

18 2/5%

per annum for 3 years.

Rs 39,744
Rs 39,000
Rs 38,500
Rs 39,500
Rs 38,200

Solution:

P = Rs 72,000,

R = 18 2/5%

p.a.

92/ 5 %

, T = 3 years

∴SI={P×R×T}/100

=72,000×92/5×3×1/100

= Rs 39,744

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