Question

What will be the simple interest earned on Rs. 9640 in 6 months at the rate of $7\frac{4}{3}\%$ p.a.?

• A. Rs. 284
• B. Rs. 424
• C. Rs. 396
• D. Rs. 402

Answer 1

Answer: (D)

Here, $\mathrm{P}=$ Rs. $9640;\mathrm{R}=7\frac{4}{3}\%=\frac{25}{3}\%$ p.a.;
Time $=6$ months $=\frac{6}{12}=\frac{1}{2}$ year
$\text{ S.I. }=\frac{P\times R\times T}{100}=\frac{9640\times 25\times 1}{100\times 3\times 2}$
$=\text{ Rs. }401.6\approx \text{ Rs. }402$