SSC CGL 2024 PYQ — Question 71

The correct answer is option 1 i.e. ₹871.

Simple Interest = $\frac{P \times R \times T}{100}$

( P) is the principal amount (₹6,700)

( R ) is the annual interest rate (12%)

( T ) is the time period in years. Since the time is given as 13 months =

 $( \frac{13}{12} )$years

Simple Interest = $\frac{6,700 \times 12 \times \frac{13}{12}}{100}$

Simple Interest = $\frac{6,700 \times 13}{100}$

Simple Interest = 87,100 / 100 = 871

The simple interest earned will be ₹871.