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SSC Selection Post 2019 PYQ — Question 51

SSC Selection Post - Matriculation Level 2019 - 14 Oct 2019 - Shift 1 • Quantitative Aptitude • Q51

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If a person invests ₹33250 in an account that yields 7.4% p.a simple interest, then how much (in ₹) does he has after 5 years?

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Correct answer: A

Explanation

The correct answer is Option 1 i.e. 45552.5.

SI = P×R×T100 \frac{P \times R \times T}{100}

=33250×7.4×5100= \frac{33250 \times 7.4 \times 5}{100}

33250×37100=1230250100=₹12,302.50\frac{33250 \times 37}{100} = \frac{1230250}{100} = ₹12{,}302.50

Total amount = Principal + SI

= 33250 + 12302.50 = ₹45,552.50