SSC CHSL 12 Oct 2020 Shift 3 Paper

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Question : 58 of 100

Marks: +1, -0

A person deposits ₹ 8000 in a bank which pays

8 \%

p.a. simple interest. The amount after

8 {\yr}

will be

₹ 12600
₹ 10784
₹ 13120
₹ 12545

Solution:

Here, Principle

(\P)=₹ 8000

Rate of interest

(\R)=8 \%

p.a.
Time

(\T)=8 {\yr}

According to the question,
Simple Interest

({\SI})={\P \×\R \×\T}/{100}

={8000 \×8 \×8}/{100}

=₹ 5120

∴ Amount

=\P+\SI=₹(8000+5120)

=₹ 13120

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