SSC CGL 2023 PYQ — Question 65

SSC CGL - 27 July 2023 - Shift 1 • Quantitative Aptitude • Q65

Find the simple interest on Rs. 27,000 at 1423%14 \frac{2}{3}\% per annum for 8 months.

Show answer & explanation

Correct answer: D

Explanation

The correct answer is option 4 i.e. ₹2,640.

SI=P×R×T100SI = {{P \times R \times T}\over 100}

According to the given question,

SI=27000×443×812100SI = {{27000 \times {44 \over 3} \times {8 \over 12}}\over 100}

⇒ SI = 30 × 88

⇒ SI = 2640

Hence the simple interest is ₹2,640.