RRB NTPC Mains or Stage 2 Model Paper 10 with solutions

Question : 9 of 120

Marks: +1, -0

What would be the simple interest accrued in 4 years on a principal of ₹16,500 at the rate of 16 p.c.p.a.?

Solution:

(d) Simple interest

a=\text"principle× time ×rate"/100=\text" 16500× 4× 16"/100= ₹10560

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