Question

Find the simple interest on a amount of ₹ 14,600 invested at a rate of 13 p.c.p.a for 6 years

• A. Rs 11,488
• B. Rs 11,392
• C. Rs 11,388
• D. Rs 11,288

Answer 1

The correct option is C Rs 11,388

Given
P= ₹ 14,600
R= 13p.cp.a
T= 6 years
Using formula
S.I = $\frac{P\times R\times T}{100}$
S.I = $\frac{14,600\times 13\times 6}{100}$
S.I= ₹ 11,388