Find the simple interest on ₹1,35,000 at 63/4 % per annum for 6 years.

SSC Selection Post 2023 PYQ — Question 59

Find the simple interest on ₹1,35,000 at $6\frac{3}{4}$ % per annum for 6 years.

Show answer & explanation

Correct answer: B

Explanation

The correct answer is Option 2 i.e. ₹54,675.

$6\frac{3}{4}$ % = 6 + 0.75% = 6.75%

SI = $\frac{135000×6.75×6} {100}$ = ₹54,675